US EditionAverage US long-term mortgage rate ticks up to 6%, ending a three-week slide
The 30-year mortgage rate rose to 6% after three weeks of decline, influenced by higher bond yields linked to rising oil prices and inflation expectations, Freddie Mac said.
- The average 30-year fixed mortgage rate ticked up to 6% from 5.98% last week, ending a three-week slide.
- The modest increase follows a spike in oil prices due to the war with Iran, putting upward pressure on inflation and bond yields.
- While mortgage rates have been trending lower in recent months, home sales remained stuck last year at 30-year lows.
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By Alex Veiga - The average rate on long-term mortgages in the United States moved away this week from its lowest level in three and a half years, as bond yields rose following a surge in oil prices due to the Iran trade war. The benchmark 30-year fixed-rate mortgage rate climbed slightly to 6% from 5.98% last week, mortgage shopper Freddie Mac reported Thursday. A year ago, the rate averaged 6.63%. The modest increase ends a three-week decline …
Associated Press News
Average US long-term mortgage rate ticks up to 6%, ending a three-week slide
The average long-term U.S. mortgage rate came off its lowest level in three and a half years this week, as bond yields marched higher following a spike in oil prices due to the war with Iran.
Mortgage Rates Ease Back Toward 6% Thanks to Oil Assurances From Trump
After a very bumpy start to the week, mortgage rates are falling back toward 6% again. They jumped on Monday after an unexpected weekend strike took out Iranian leadership and led to a spike in oil prices. Instead of getting the typical flight to safety in bonds we see after geopolitical events, both stocks and… Read More »Mortgage Rates Ease Back Toward 6% Thanks to Oil Assurances From Trump The post Mortgage Rates Ease Back Toward 6% Thanks to…
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