Average mortgage rate rises for fifth straight week
- The average rate on a 30-year mortgage in the U.S. Increased to 6.72%, marking the fifth consecutive week of rising rates as reported by Freddie Mac.
- The current mortgage rate is still lower than last year's average of 7.76%.
- Sam Khater, Freddie Mac's chief economist, stated that mortgage rates are expected to stay volatile due to upcoming economic events.
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Coverage Details
Total News Sources0
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
45% Center
L 44%
C 45%
11%
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