Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
The average rate on a 15-year fixed-rate mortgage, popular with homeowners seeking to refinance, climbed to 6.13%, up from 6% and also the highest since July. It was at 5.89% a year ago.
Average Rate for 30-Year Mortgage Reaches 6-Month High
The average rate for a 30-year mortgage climbed to 6.91 percent from 6.58 last week, mortgage buyer Freddie Mac said Thursday.
Mortgage Rates Inch Up to Nearly 7%—the Highest in 6 Months Even as Pending Home Sales Rise
“Inching up to just shy of 7%, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s chief economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist. However, buyers appear to be more inclined to get off the sidelines as pending home sales rise.”
Mortgage Rates Tick Up, Nearing 6-Month High
After dipping for two days, 30-year mortgage rates edged higher, again nearing their highest level since early July. Rate movement was mixed for other loan types.
Mortgage Rates Hit Six-Month High
According to Freddie Mac’s Primary Mortgage Market Survey (PMMS ®), as of January 2, 2025, mortgage rates have surged to their highest point in nearly six months, with the 30-year fixed-rate mortgage (FRM) averaging 6.
Mortgage rates likely to go back over 7% as they rise again
The Freddie Mac mortgage rate tracker on Thursday morning showed the conforming 30-year fixed rate mortgage creep closer to the 7% level last seen in May.
Mortgage Rates Reach Highest Point Since July
Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist.
US Mortgage Rates Rise to Highest Since Early July, Suppressing Demand
US mortgage rates climbed to an almost six-month high during the Christmas holiday week, suppressing applications for home purchases and severely undercutting refinancing activity.
Average 30-year rate on US mortgage hits 6.91%, the highest since July
U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac.
Freddie Mac: Potential Freedom In 2025, But Multifamily Risks Loom
Potential financial benefits for Fannie Mae and Freddie Mac under Trump's administration, but risks remain with potential ...
National Mortgage News1h
Hedge fund billionaire certain of near-term GSE exit
Bill Ackman, founder of Pershing Square Capital Management, predicts Fannie Mae and Freddie Mac will be removed from ...
Fannie Mae & Freddie Mac going private is 'playing with fire': Expert
Investors weigh whether Fannie Mae (FNMA) and Freddie Mac (FMCC) — the Federal National Mortgage Association and Federal Home ...
Mortgage rates inch closer to 7% to close out 2024
Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers.
US 30-year fixed-rate mortgage flirts with 7%
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be ...
Why Bill Ackman is 'confident' Trump will privatize Fannie Mae and Freddie Mac
Billionaire investor Bill Ackman is stoking new speculation that the Trump administration could end one of the oldest fights ...
Billionaire Bill Ackman says he expects Trump to privatize the nation’s two largest government-owned lenders
The Trump-supporting financier said he believes the president-elect will remove lenders Fannie Mae and Freddie Mac from ...
Bill Ackman says common stocks of GSEs offer 'large asymmetric upside'
Billionaire hedge fund manager Bill Ackman said the common shares of government sponsored enterprises Fannie Mae (FNMA) and ...