US Edition
Average Mortgage Rate Rises to Highest Level Since Late April
- Freddie Mac reported that the average 30-year mortgage rate in the U.S. Rose to 6.81% this week, up from 6.76% last week.
- This rise comes after recent fluctuations driven by changes in the 10-year Treasury bond yield, which serves as a benchmark for lenders when setting home loan interest rates.
- The average mortgage rate has stayed near its year-to-date high of just above 7%, briefly dropping to 6.62% five weeks ago, amid fluctuating economic and inflation expectations.
- Elevated mortgage rates have added hundreds of dollars monthly to borrowers' costs and contributed to the largest monthly drop in U.S. Previously occupied home sales since November 2022.
- Rising mortgage rates, shaped by Federal Reserve actions and global demand for U.S. Treasurys, have dampened buyer activity early in the spring housing market, with economists predicting ongoing fluctuations in rates.
29 Articles
29 Articles
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How a corner of the Trump trade could unleash higher mortgage rates
Kevin Lamarque/ReutersRising odds of Fannie Mae and Freddie Mac being re-privatized have sent shares of the firms soaring. But a move to release them from government control could damage the mortgage market, Pimco warned.An under-the-radar Trump trade has soared this year on bets of a big shake-up in the mortgage industry — but it's a change that might not ultimately benefit everyday Americans. That's according to Pimco, which said this week tha…
CNN Radio Argentina (CNN Radio Argentina) – Economist Andrés Salinas spoke this Thursday with Julieta Tarrés' CNN Economía y Actualidad about whether it's a good time to take out a mortgage, given the market's recovery and the relaunch of inflation-adjusted mortgage lines. "We have to analyze the real estate market and each person's personal situation," Salinas warned. In that sense, he explained that, in terms of the market, "prices are recover…
Mortgage rates rise for 1st time in weeks, Freddie Mac says
Mortgage rates increased for the first time since last month, 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 6.81% from last week's reading of 6.76%.The average rate on a 30-year loan was 7.02% a year ago.WHEN LEAVING THE HOUSE TO YOUR HEIRS BACKFIRES"The 30-year fixed-rate mortgage remained below the 7% …
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