The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.5%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also edged higher this week. The…

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Average rate on a 30-year mortgage in the US rises for 6th straight week

The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July.

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The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July

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Average rate on a 30-year mortgage in the US rises for sixth straight week

AP Business Writer The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. Mortgage buyer Freddie Mac said Thursday that the rate ticked up to 6.79% from 6.72% last week. That’s still down from a year ago, when the rate averaged 7.5%. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers. Mortgage rates are influenced by several f…

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The mortgage rate climbed to 6.79 percent from 6.72 percent last week, mortgage buyer Freddie Mac said Thursday.

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Average rate for 30-year mortgage increases for sixth straight week

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The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July.The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.5%.Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also edged higher this week. The a…

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Bond yields also surged on expectations that President-elect Trump’s plans for higher tariffs, lower tax rates and lighter regulation could lead to growth, inflation and government debt.

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30-year mortgage rate rises for 6th straight week

WASHINGTON (Reuters) –     U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump’s proposed economic policies could stoke inflation. The average rate on the popular 30-year fixed-rate mortgage increased to 6.79%, the highest level since July 2024, from 6.72% last week, mortgage finance agency Freddie Mac said on Thursday. It averaged 7.50% during the same period a year ag…

Average rate on a 30-year mortgage in the US rises for 6th straight week

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