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Average Rate on a US 30-Year Mortgage Rises to 6.86%, Its Highest Level Since Mid-February

  • Freddie Mac reported on May 23, 2025, that the average U.S. 30-year mortgage rate rose to 6.86%, its highest since mid-February.
  • This increase follows previous fluctuations caused by factors like changes in the 10-year Treasury yield, investor anxiety, and Federal Reserve policy expectations.
  • Mortgage rates, influenced by global demand for U.S. Treasurys and economic inflation expectations, have remained near this year's peak just above 7% set in mid-January.
  • Higher mortgage interest rates, which increase monthly expenses by several hundred dollars for borrowers, have deterred potential homebuyers and contributed to a decline in home sales, with April marking the slowest sales pace since 2009.
  • Increasing mortgage rates and economic developments are causing a slowdown in this spring’s homebuying activity and suggest that the Federal Reserve may reduce interest rates less aggressively than previously anticipated this year.
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36 Articles

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Center
19
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CNNCNN
+4 Reposted by 4 other sources
Lean Left

Mortgage rates climb to highest level in more than three months amid bond market unrest

Mortgage rates are inching back toward 7%, highlighting the ongoing strain on US home buyers.

·Atlanta, United States
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Associated Press NewsAssociated Press News
+18 Reposted by 18 other sources
Lean Left

Average rate on a US 30-year mortgage rises to 6.86%, its highest level since mid-February

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season.

·United States
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  • 70% of the sources are Center
70% Center
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borsen.dk broke the news in on Wednesday, May 21, 2025.
Sources are mostly out of (0)