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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.
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.
Mortgage rates kick off 2025 with an increase, nearing 7%
Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising to just under 7% as the housing market remains stalled.
Mortgage rates start 2025 near 7%, hitting highest level since July
Mortgage rates rose again last week, leaving them near 7% to start the year. The average 30-year fixed-rate mortgage rose to 6.91% in the week through Wednesday, from 6.85% as of Dec. 26, according to Freddie Mac data.
National Mortgage News
25m
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 ...
3h
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 ...
2h
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 ...
6m
on MSN
Mortgage rates inch closer to 7% to close out 2024
Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers.
1d
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 ...
National Mortgage News
2h
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 ...
3h
on MSN
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
Mortgage rates inched up at the start of the year to the highest level in nearly six months, portending another tough year ...
2d
on MSN
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 ...
52m
Man inside Cybertruck blown up outside Trump's Las Vegas hotel suffered gunshot to head before explosion, sheriff says
Man inside Cybertruck blown up outside Trump's Las Vegas hotel suffered gunshot to head before explosion, sheriff says.
3h
Pending Home Sales Rise for Fourth Straight Month as Buyers Adapt to Higher Mortgage Rates
Signed contracts for existing homes increased 2.2% last month from October, in the fourth straight month of gains, the ...
2d
on MSN
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 ...
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