Freddie Mac says average rate on a 30-year mortgage rose to 6.86% this week, its highest level since mid-February
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Mortgage rates rise to highest level since mid-February
Mortgage rates increased to the highest level since mid-February, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.86% from last week's reading of 6.81%. It marked the highest level since Feb. 13, when the rate on a 30-year mortgage averaged 6.87%.The average rate on a 30-year loan was 6.94% a year ago.WH…
Freddie Mac says average rate on a 30-year mortgage rose to 6.86% this week, its highest level since mid-February
MCLEAN, Va. (AP) — Freddie Mac says average rate on a 30-year mortgage rose to 6.86% this week, its highest level since mid-February. Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. The post Freddie Mac says average rate on a 30-year mortgage rose to 6.86% this week, its highest level since mid-February appeared first on KOB.com.
Mortgage Rates Rise Following U.S. Credit Downgrade
While economists point to the U.S. credit downgrade this past week as a reason for the rise in 10-year Treasury yields and average 30-year mortgage rate, they also note that increased housing inventory continues to keep activity at a steady pace. According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday,… The post Mortgage Rates Rise Following U.S. Credit Downgrade appeared first on RISMedia.
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