Average rate on a 30-year mortgage in the US rises for 6th straight week
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July.The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday.
Freddie Mac says the average rate on a 30-year mortgage rose to 6.79% this week, its highest level since early July
Freddie Mac says the average rate on a 30-year mortgage rose to 6.79% this week, its highest level since early July
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.
Mortgage rates climb and more rises may be on the way
The post-election spike in the 10-year Treasury yield could translate to higher rates for the 30-year fixed rate mortgage in the short term.
Mortgage rates rise again amid election volatility
Still, many housing market experts now expect mortgage rates to stay higher for longer. Lisa Sturtevant, chief economist of Bright MLS, said she still expects rates to come down from current levels, but thinks they’ll be volatile and could stay above 6% for all of next year.
Mortgage rates up for a sixth week
The average rate on a 30-year mortgage in the United States rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79 percent from 6.72 percent last week,
Average Rate for 30-Year Mortgage Increases for Sixth Straight Week
The mortgage rate climbed to 6.79 percent from 6.72 percent last week, mortgage buyer Freddie Mac said Thursday.
30-year mortgage rate rises for 6th straight week
Bond yields also surged on expectations that President-elect Trump’s plans for higher tariffs, lower tax rates and lighter regulation could lead to growth, inflation and government debt.
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Average rate on a 30-year mortgage in the US rises for sixth straight week
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since ...
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Current Mortgage Rates: November 7, 2024
Mortgage rates continue to increase. Freddie Mac’s average rate for a 30-year fixed-rate mortgage moved up to 6.79% for the week ending November 7%.
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