Published • loading... • Updated
Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
Freddie Mac said the benchmark rate eased after reaching a nine-month high, while 15-year mortgage costs also declined for refinancing borrowers.
- On Thursday, Freddie Mac reported the benchmark 30-year mortgage rate fell to 6.48% from 6.53% last week, easing from its highest level in nine months and offering relief to prospective homebuyers.
- War with Iran and conflict in the Middle East have disrupted oil supplies, sending prices sharply higher and fueling inflation fears that keep mortgage Rates elevated despite this week's minor decline.
- Borrowing costs for 15-year mortgages eased to 5.79% from 5.87% last week, while the 10-year Treasury note yield rose to 4.47% in midday trading Thursday, up from 4.45% a week prior.
- According to the Mortgage Bankers Association, Mortgage applications fell 2.5% last week for the third consecutive week, signaling that elevated Rates continue to dampen buyer demand despite recent easing.
- Realtor data shows median home listing prices fell 2.4% last month, the steepest decline since 2017, though Expectations for sustained rate relief remain uncertain amid ongoing geopolitical volatility.
Insights by Ground AI
34 Articles
34 Articles
Pittsburgh Post-GazetteReposted by 
The Tribune-Democrat
The Tribune-DemocratAverage U.S. long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark...
·Pittsburgh, United States
Read Full Article
Associated Press News+22 Reposted by 22 other sources
Average US long-term mortgage rate falls to 6.48%, retreating from its highest level in 9 months
The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers.
·New York, United States
Read Full Article
30-Year Mortgage Rate Dips to 6.48% After Hitting Nine-Month High
The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week, mortgage buyer Freddie Mac said Thursday. The average rate remains below 6.85%, where it was a year ago. When mortgage […]
Coverage Details
Total News Sources34
Leaning Left7Leaning Right2Center16Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 28%
C 64%
Factuality
To view factuality data please Upgrade to Premium
