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Average 30-Year US Mortgage Rate Rises to 6.49%, Pushing up Homebuyers’ Borrowing Costs
Higher bond yields and inflation expectations pushed borrowing costs up, while mortgage demand and home sales remained muted, Freddie Mac said.
- The average 30-year fixed mortgage rate in the U.S. rose to 6.49% this week from 6.43% last week, pushing up borrowing costs for potential homebuyers.
- When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, reducing their purchasing power.
- Mortgage rates are influenced by factors like the Federal Reserve's interest rate policy decisions and bond market investors' expectations for the economy and inflation.
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45 Articles
45 Articles
According to Freddie Mac's analysis, the fixed mortgage interest rate at 15 years also increased from 5.79% to 5.82%.
·Los Angeles, United States
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The latest housing forecast contains one encouraging sign for frustrated homebuyers
Mortgage rates are still painfully high, but aspiring homeowners should be relieved to hear that home prices aren’t skyrocketing right now. According to a new midyear report from Realtor.com, home prices climbed more slowly than expected this year, ticking up only 1.2%. That price growth is roughly half of what forecasters projected for 2026 and ends a multiyear run of appreciation above 2% per year. As U.S. hiring and unemployment stay relative…
·New York, United States
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Coverage Details
Total News Sources45
Leaning Left6Leaning Right1Center15Last UpdatedBias Distribution68% Center
Bias Distribution
- 68% of the sources are Center
68% Center
L 27%
C 68%
Factuality
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