US EditionFreddie Mac says average rate on a 30-year mortgage rose to 6.86% this week, its highest level since mid-February
- Freddie Mac reported on May 22, 2025, that the average 30-year fixed mortgage rate rose to 6.86%, its highest level since early February.
- Mortgage rates increased for the third consecutive week amid rising bond yields and ongoing economic uncertainty affecting investor behavior.
- Despite higher rates, mortgage applications to purchase homes grew 2% from the previous week and remain 18% above last year's level, supported by more housing inventory.
- Joel Kan, an economist with MBA, noted that purchase applications increased compared to the previous week and remain higher than the levels seen at the same time last year, while refinance applications experienced a decline.
- Rising mortgage rates are increasing borrowing costs and reducing purchasing power for some buyers, though purchase activity remains steady amid the market adjustment.
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Associated Press News+20 Reposted by 20other sources
Average rate on a US 30-year mortgage rises to 6.89%, its highest level since early February
The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since early February, further pushing up borrowing costs for homebuyers.
·United States
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The Business Times
The Business TimesMortgage rates rise to highest level since mid-February
Mortgage rates increased to the highest level since mid-February, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.86% from last week's reading of 6.81%. It marked the highest level since Feb. 13, when the rate on a 30-year mortgage averaged 6.87%.The average rate on a 30-year loan was 6.94% a year ago.WH…
·United States
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