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 30-year U.S. Mortgage reached 6.91%, marking the highest level since July, according to Freddie Mac.
- Mortgage rates increased from 6.85% the previous week and were 6.62% a year ago, as reported by Freddie Mac.
- Mortgage applications fell by 21.9% for the week ending December 27, according to the Mortgage Bankers Association.
- Sam Khater, Freddie Mac's Chief Economist, noted that mortgage rates are elevated and affordability challenges remain.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left5Leaning Right3Center22Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 17%
C 73%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
