Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
Average mortgage rates close 2024 at the highest since July
The housing market will end the year with its highest 30-year mortgage rate since July at 6.85%, according to data from Freddie Mac.
Average rate on a 30-year mortgage climbs to highest point since July
Many economists forecast the average rate on a 30-year mortgage to remain above 6% next year, with some pegging it as high as 6.8%
Mortgage rates rise again, finishing the year at 6.85% — just about the way they started
Mortgage rates rose again this week to end the year slightly higher than where they began. The average 30-year fixed-rate mortgage rate was 6.85% for the week through Wednesday, according to Freddie Mac data. That’s up from 6.72% a week earlier. Average 15-year mortgage rates rose to 6% from 5.92%.
Average Rate for 30-Year Mortgage Rises to Highest Level in Months
Borrowing costs on a 30-year home loan increased to 6.85 percent from 6.72 percent last week, mortgage buyer Freddie Mac says.
Mortgage Rates Rise For Second Straight Week
Mortgage rates, or interest rates on home loans, increased for second consecutive week after dropping for three straight weeks,
Mortgage rates jump, finish the year at a five-month high
U.S. mortgage rates jumped to the highest level in five months as the year drew to a close. In the last full week of 2024, the 30-year mortgage rate rose to the highest level since mid-July, averaging 6.
Mortgage rates rise to close out 2024
Freddie Mac cites an "overwhelming undersupply of homes" for the 6.85% interest rate. (Scripps News)
Next Week in Business: jobless claims, mortgage rates and Wall Street's first trading day of 2025
The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday. The number of Americans applying ...
10-Year Treasury Yield Rose 100 Basis Points Since September As The Fed Cut 100 Basis Points - Why The Historic Divergence?
While the Fed cut its policy rates by a full percentage point, long-term yields have risen by a full percentage point.
Mortgage rates end 2024 on a high note – unfortunately for the housing market
In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The ...
Fannie Mae and Freddie Mac aren’t your neighbors — they’re mortgage game changers. Here’s how to leverage their 2025 loan limit boost
Wondering how Fannie Mae and Freddie Mac can make homeownership more affordable in 2025? With higher conforming loan limits ...
Freddie Mac mortgage portfolio growth slows to 2.4% annualized rate in November
Freddie Mac's (OTCQB:FMCC) total mortgage portfolio advanced at an annualized rate of 2.4% last month, marking the slowest ...
Freddie Mac’s 2025 Scorecard Prioritizes Affordable Housing
Freddie Mac ( ) just unveiled an update. The Federal Housing Finance Agency released the 2025 Scorecard for Freddie Mac, which outlines performance criteria and strategic prioriti ...
American Banker5d
Why setting Fannie Mae and Freddie Mac free is a gamble
Releasing the GSEs from government conservatorship is on the agenda for the incoming Trump administration. Doing so could ...