US EditionLong-term mortgage rate stays near recent low to kick off new year
The average 30-year mortgage rate rose slightly to 6.16%, near its 2025 low, as Federal Reserve policies and Treasury yields influence borrowing costs, Freddie Mac reported.
- On Thursday, Freddie Mac said the average long-term 30-year mortgage rate rose to 6.16%, up from 6.15% last week and sitting just above its 2025 low.
- Driven by Fed policy expectations, markets moved as mortgage rates track the 10-year Treasury yield, which was 4.17% midday Thursday and guides lenders' pricing.
- The 15-year rate climbed to 5.46% this week, rising from 5.44%, while mortgage rates easing since July helped the median U.S. monthly housing payment fall to $2,365 in the four weeks ending January 4.
- Many prospective buyers remain sidelined as November sales slowed 4.7% year-over-year, leaving first-time buyers disadvantaged without equity from existing homes.
- Economists forecast the average 30-year mortgage rate will remain slightly above 6% this year, far below the one year ago rate averaged 6.93%, reflecting recent declines.
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Associated Press News
Average US long-term mortgage rate edges higher but remains near 2025 low
The average rate on a 30-year U.S. mortgage edged higher this week to just above its 2025 low. Mortgage buyer Freddie Mac said Thursday that the average long-term mortgage rate rose to 6.16%.
Steady, Near 6% Rates Bring ‘Improving Momentum’ in Buyer Demand
With little change in the average mortgage rate expected over the coming weeks, home shoppers are seeing some positive signs as the market moves toward the traditional busy buying season. The latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday, shows the 30-year fixed-rate mortgage (FRM) averaging 6.16%, a one-basis-point increase from last… The post Steady, Near 6% Rates Bring ‘Improving Momentum’ in Buyer Demand a…
Average US long-term mortgage rate edges higher but remains near 2025 low - The Morning Sun
The average rate on a 30-year U.S. mortgage edged higher this week to just above its 2025 low. The average long-term mortgage rate rose to 6.16%, mortgage buyer Freddie Mac said Thursday. That’s up slightly from 6.15% last week, when the average rate dropped to its lowest level since October 3, 2024. One year ago, the rate averaged 6.93%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, rose …
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