US EditionPublished • loading... • Updated
Average US long-term mortgage rate ticks higher, holding near lowest point in more than 3 years
The 30-year fixed mortgage rate rose to 6.1%, marking a second weekly increase though still near a three-year low, influenced by Federal Reserve policy and bond market trends.
- The average U.S. 30-year fixed mortgage rate rose to 6.1% from 6.09% last week, according to Freddie Mac.
- Mortgage rates are influenced by factors like the Federal Reserve's interest rate policy and bond market expectations for the economy and inflation.
- Higher mortgage rates, soaring home prices, and a housing shortage have priced out many aspiring homeowners, keeping existing home sales stuck at 30-year lows in 2022.
Insights by Ground AI
25 Articles
25 Articles
Associated Press News+24 Reposted by 24 other sources
Average US long-term mortgage rate ticks higher, holding near lowest point in more than 3 years
The average long-term U.S. mortgage rate edged up for the second week in a row, but remains just above its lowest level in more than three years.
·United States
Read Full ArticleCoverage Details
Total News Sources25
Leaning Left3Leaning Right3Center16Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
14%
C 73%
13%
Factuality
To view factuality data please Upgrade to Premium
