The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.
The average rate on the popular 30-year fixed-rate mortgage climbed to 6.93%, the highest level since early July, from 6.91% ...
The nearly 1-point increase on a 30-year fixed mortgage equates to a more than $200 increase in monthly mortgage payments, or ...
Craig Phillips, who previously held positions at Morgan Stanley, BlackRock and the U.S. Department of the Treasury, will be ...
The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. It ...
Fourth week of higher rates comes after 10-year Treasury yields, which mirror mortgage rates, rose after new economic data ...
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
The 30-year fixed rate mortgage continues to close on the 7% mark. With political uncertainty and the U.S. economy remaining strong, it could keep going up.
MCLEAN, Va., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage ...