Mortgage Rates Climb Again
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With Trump’s tax overhaul now in the rearview mirror, a potential Freddie and Fannie conservatorship release could move up the docket.
Mortgage rates moved higher for the second week in a row, according to Freddie Mac. The average rate on a 30-year loan reached 6.75%.
The average rate on the 30-year fixed mortgage rose this week to 6.72%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.67%.
Freddie Mac’s weekly Primary Mortgage Market Survey report released Friday shows that fixed mortgage rates inched up slightly, even as mortgage application activity sank to a quarter-century low and the cost of borrowing continues to weaken the housing market.. Freddie Mac Chief Economist Sam Khater, however, believes that as inflationary pressures continue to ease, lower mortgage rates are ...
Unfortunately, the remainder of 2024 may not offer much relief, at least according to economists at mortgage buyer Freddie Mac. "[W]e expect mortgage rates to remain elevated through most of 2024 ...
Freddie Mac said a 15-year fixed-rate mortgage rate averaged 4.17%, up 0.9 points from a week ago. That rate averaged 2.35% in 2021. The five-year Treasury-indexed hybrid adjustable-rate mortgage ...