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Average US long-term mortgage rate barely budges, holding near 6%
Freddie Mac's survey shows the 30-year fixed mortgage rate steady at 6.11%, near a three-year low as the Federal Reserve pauses rate cuts.
- Mortgage buyer Freddie Mac said Thursday the average long-term U.S. mortgage rate barely moved this week, staying near 6%.
- Investor expectations and Fed policy shaped rates, with the 10-year Treasury yield at 4.21% midday Thursday, and Smith said yields respond to economic signals and Fed credibility.
- Short-Term data show a modest rebound after a recent low three weeks ago, as the average 15-year fixed mortgage rose to 5.5% from 5.49% last week.
- Higher borrowing costs are squeezing affordability and refinancing demand as home delistings surge while home sellers struggle to get their price and 15-year fixed mortgage rates tick up.
- Said Sam Khater, 'For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in years,' as policy credibility and the Kevin Warsh nomination may influence yields ahead of the spring home sales season.
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34 Articles
34 Articles
Pittsburgh Post-GazetteReposted by 
Washington Times
Washington TimesAverage U.S. long-term mortgage rate barely budges, holding near 6%
The average long-term U.S. mortgage rate barely budged this week, staying close to 6% as the spring home-buying season nears. The benchmark 30-year fixed...
·Pittsburgh, United States
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Fox BusinessReposted by 
BizToc
BizTocMortgage rates tick higher but remain near 6%
Mortgage rates ticked higher this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.11% from last week's reading of 6.10%. The average rate on a 30-year loan was 6.89% a year ago.HOME DELISTINGS SURGE AS SELLERS STRUGGLE TO GET THEIR PRICE"For the last several weeks, the 30-year fixed-rate mortgage h…
·United States
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Coverage Details
Total News Sources34
Leaning Left3Leaning Right3Center22Last UpdatedBias Distribution78% Center
Bias Distribution
- 78% of the sources are Center
78% Center
11%
C 78%
11%
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