US EditionAverage Mortgage Rate Rises to Highest Level Since Late April
- Freddie Mac reported on Thursday that the average 30-year mortgage rate in the U.S. Rose to 6.81% this week, its highest since late April.
- This increase follows previous fluctuations influenced by factors such as Federal Reserve policies, global demand for U.S. Treasurys, and bond market investors' inflation expectations.
- The average rate returned to a level last seen three weeks ago after briefly dropping to 6.62% five weeks earlier, amid volatile 10-year Treasury yields used by lenders to price loans.
- Elevated mortgage costs, which add hundreds of dollars monthly for borrowers, have discouraged buyers and contributed to the largest monthly drop in sales of existing homes since November 2022.
- Analysts anticipate that mortgage rates will fluctuate above 6.5% throughout the year, creating ongoing affordability challenges and leading to a sluggish homebuying market despite a rise in available housing inventory.
28 Articles
28 Articles
How a corner of the Trump trade could unleash higher mortgage rates
Kevin Lamarque/ReutersRising odds of Fannie Mae and Freddie Mac being re-privatized have sent shares of the firms soaring. But a move to release them from government control could damage the mortgage market, Pimco warned.An under-the-radar Trump trade has soared this year on bets of a big shake-up in the mortgage industry — but it's a change that might not ultimately benefit everyday Americans. That's according to Pimco, which said this week tha…
Is It a Good Time to Get a Mortgage? Andrés Salinas' Analysis
CNN Radio Argentina (CNN Radio Argentina) – Economist Andrés Salinas spoke this Thursday with Julieta Tarrés' CNN Economía y Actualidad about whether it's a good time to take out a mortgage, given the market's recovery and the relaunch of inflation-adjusted mortgage lines. "We have to analyze the real estate market and each person's personal situation," Salinas warned. In that sense, he explained that, in terms of the market, "prices are recover…
Mortgage rates rise for 1st time in weeks, Freddie Mac says
Mortgage rates increased for the first time since last month, 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 6.81% from last week's reading of 6.76%.The average rate on a 30-year loan was 7.02% a year ago.WHEN LEAVING THE HOUSE TO YOUR HEIRS BACKFIRES"The 30-year fixed-rate mortgage remained below the 7% …
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