Average US Long-Term Mortgage Rate Ticks up to 6.37%

Average US long-term mortgage rate ticks up to 6.37%

The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten...

Current Mortgage Rates Are Rising Again And Here's Why

Mortgage rates climbed again this week as escalating Iran war tensions and an uncertain path to peace jolted financial markets. The average 30-year fixed-rate mortgage was 6.37% through Wednesday, according to Freddie Mac data, up from 6.30% a week earlier. For buyers and homeowners thinking about refinancing, that number tells a specific story about where the housing market stands right now, and why the Persian Gulf is the single biggest variab…

Mortgage rates hit 6.37%, but lower new-home prices may aid buyers

The 15-year fixed rate averaged 5.72%. Freddie Mac said lower new-home prices and higher inventory could modestly ease spring affordability pressure.

Mortgage Rates Climb as Inflation Rebounds and Yields Rise

Mortgage rates continued to increase in April as ceasefire negotiations remain inconclusive. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.34% in April, 16 basis points (bps) higher than March. The average 15-year rate also increased by 13 bps to 5.69%. Despite the recent increase, both rates remain lower than a year ago by […]