Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
- The average long-term U.S. Mortgage rate has increased to 6.93%, marking the highest level since July, according to mortgage giant Freddie Mac.
- The yield on the U.S. 10-year Treasury has risen from 3.62% in mid-September to 4.66% this week.
- The housing market is on track for its worst year since 1995, despite a rise in previously occupied home sales in November.
- The average rate on a 15-year fixed-rate mortgage has also increased to 6.14%, the highest since July, as reported by Freddie Mac.
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Total News Sources0
Leaning Left5Leaning Right4Center6Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 33%
C 40%
R 27%
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