US EditionAverage US long-term mortgage rate dips to where it was 3 week ago, just above 6%
The 30-year fixed mortgage rate fell to 6.09%, down from 6.11% last week, influenced by Federal Reserve policy and Treasury yield movements.
- On Thursday, Freddie Mac said the benchmark 30-year fixed-rate mortgage slipped to 6.09% from 6.11%, with the average long-term U.S. mortgage rate holding just above 6%.
- The 10-year Treasury's decline to 4.13% on Thursday, down from 4.21% a week earlier, reflects Federal Reserve policy and bond-market investors' expectations for the economy and inflation.
- Fifteen-Year averages fell to 5.44% from 5.5%, bringing 15-year fixed-rate mortgage costs back to levels seen three weeks ago for homeowners refinancing.
- Borrowers could benefit as slightly lower borrowing costs may boost purchase and refinance activity for homebuyers and homeowners refinancing.
- Short-Term volatility suggests the average long-term mortgage rate shows back-and-forth movement, influenced by the 10-year Treasury yield’s dip to 4.13%.
17 Articles
17 Articles
Associated Press News
Average US long-term mortgage rate dips to where it was 3 week ago, just above 6%
The average long-term U.S. mortgage rate is holding at just above 6% this week after reversing a modest uptick in recent weeks just as the housing market closes in on the spring homebuying season.
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Average US long-term mortgage rate dips to where it was 3 week ago, just above 6% - The Morning Sun
The average long-term U.S. mortgage rate is holding at just above 6% after reversing a modest uptick in recent weeks just as the housing market closes in on the spring homebuying season. The benchmark 30-year fixed rate mortgage rate slipped to 6.09% from 6.11% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.87%. The modest pullback brings the average rate back to where it was three weeks ago. Borrowing cos…
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