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Average 30-Year US Mortgage Rate Rises to 6.49%, Pushing up Homebuyers’ Borrowing Costs
Refinance demand fell 4% as borrowers saw little incentive to act with 30-year rates still elevated, the Mortgage Bankers Association said.
- The average 30-year fixed mortgage rate in the U.S. rose to 6.49% this week from 6.43% last week, pushing up borrowing costs for potential homebuyers.
- When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers, reducing their purchasing power.
- Mortgage rates are influenced by factors like the Federal Reserve's interest rate policy decisions and bond market investors' expectations for the economy and inflation.
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12 Articles
Washington Top News+3 Reposted by 3 other sources
Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers’ borrowing costs
The average long-term U.S. mortgage rate drew closer this week to 6.5%, pushing up borrowing costs for prospective homebuyers. The benchmark 30-year fixed rate…
·Washington, United States
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Coverage Details
Total News Sources12
Leaning Left3Leaning Right1Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 27%
C 64%
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