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Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
The average rate on a 15-year fixed-rate mortgage, popular with homeowners seeking to refinance, climbed to 6.13%, up from 6% and also the highest since July. It was at 5.89% a year ago.
Mortgage Rates Reach Highest Point Since July
Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist.
Mortgage Rates Tick Up, Nearing 6-Month High
After dipping for two days, 30-year mortgage rates edged higher, again nearing their highest level since early July. Rate movement was mixed for other loan types.
Mortgage rates touch highest levels in almost six months
Mortgage rates touched their highest point since July, while the market's affordability headwinds continued to persist, the latest Freddie Mac Primary Mortgage Survey showed. 30-year fixed-rate mortgages averaged 6.
US mortgage rates hit 6-month peak, crushing demand
The US housing market faced a renewed chill as the year drew to a close, with mortgage rates reaching their highest levels since early July during the Christmas holiday week. This surge in borrowing costs has significantly weakened demand,
National Mortgage News
54m
Hedge fund billionaire certain of near-term GSE exit
Bill Ackman, founder of Pershing Square Capital Management, predicts Fannie Mae and Freddie Mac will be removed from ...
3h
US 30-year fixed-rate mortgage flirts with 7%
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be ...
1h
Freddie Mac: Potential Freedom In 2025, But Multifamily Risks Loom
Potential financial benefits for Fannie Mae and Freddie Mac under Trump's administration, but risks remain with potential rise in loan delinquencies ...
35m
on MSN
Mortgage rates inch closer to 7% to close out 2024
Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers.
1d
Fannie Mae & Freddie Mac going private is 'playing with fire': Expert
Investors weigh whether Fannie Mae (FNMA) and Freddie Mac (FMCC) — the Federal National Mortgage Association and Federal Home ...
National Mortgage News
2h
Mortgage rates likely to go back over 7% as they rise again
The Freddie Mac mortgage rate tracker on Thursday morning showed the conforming 30-year fixed rate mortgage creep closer to ...
3h
on MSN
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
Mortgage rates inched up at the start of the year to the highest level in nearly six months, portending another tough year ...
4h
Pending Home Sales Rise for Fourth Straight Month as Buyers Adapt to Higher Mortgage Rates
Signed contracts for existing homes increased 2.2% last month from October, in the fourth straight month of gains, the ...
1h
Man inside Cybertruck blown up outside Trump's Las Vegas hotel suffered gunshot to head before explosion, sheriff says
Man inside Cybertruck blown up outside Trump's Las Vegas hotel suffered gunshot to head before explosion, sheriff says.
3d
on MSN
Bill Ackman on X: Expect Trump Administration to remove Fannie Mae, Freddie Mac from conservatorship
CNBC's Diana Olick joins 'Closing Bell' to discuss tweets from Pershing Square CEO Bill Ackman on Fannie Mae and Freddie Mac.
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