Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
Average mortgage rates close 2024 at the highest since July
The housing market will end the year with its highest 30-year mortgage rate since July at 6.85%, according to data from Freddie Mac.
Mortgage rates rise for second straight week, highest since July
This week’s increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to Freddie Mac data. The lowest rate this year was 6.08% at the end of September, while the highest — 7.22% — was reached at the beginning of May.
Mortgage rates rise again, finishing the year at 6.85% — just about the way they started
Mortgage rates rose again this week to end the year slightly higher than where they began. The average 30-year fixed-rate mortgage rate was 6.85% for the week through Wednesday, according to Freddie Mac data. That’s up from 6.72% a week earlier. Average 15-year mortgage rates rose to 6% from 5.92%.
30-Year Mortgage Rates Hit 5-Month High-Water Mark
After ebbing slightly at the end of last week, 30-year mortgage rates surged to a five-month high. Rate movement was mixed across other loan types.
Mortgage rates rise to close out 2024
Mortgage rates rise to close out 2024. Freddie Mac cites an "overwhelming undersupply of homes" for the 6.85% interest rate.
Average Rate for 30-Year Mortgage Rises to Highest Level in Months
Borrowing costs on a 30-year home loan increased to 6.85 percent from 6.72 percent last week, mortgage buyer Freddie Mac says.
Mortgage rates jump, finish the year at a five-month high
U.S. mortgage rates jumped to the highest level in five months as the year drew to a close. In the last full week of 2024, the 30-year mortgage rate rose to the highest level since mid-July, averaging 6.
Housing Market Remains Historically Unaffordable Going into 2025
Mortgage rates have climbed since the Fed began cutting interest rates. Housing affordability remains historically bleak for ...
ConsumerAffairs13h
Mortgage rates are still rising, getting close to 7%
As we head into 2025, mortgage rates appear headed back to 7%. Freddie Mac reports its Primary Mortgage Market Survey ...
Freddie Mac mortgage portfolio growth slows to 2.4% annualized rate in November
Freddie Mac's (OTCQB:FMCC) total mortgage portfolio advanced at an annualized rate of 2.4% last month, marking the slowest ...
Freddie Mac’s 2025 Scorecard Prioritizes Affordable Housing
Freddie Mac ( ) just unveiled an update. The Federal Housing Finance Agency released the 2025 Scorecard for Freddie Mac, which outlines performance criteria and strategic prioriti ...
Mortgage Rates Are Ending the Year Higher. Why That’s Not All Bad News for Home Buyers.
Mortgage rates are ending 2024 higher than they began. It’s not all bad news for home buyers next year.Freddie Mac’s final ...
Wall Street Breakfast Podcast: Netflix Lights Up Christmas With NFL Ratings Win
Netflix dazzles with record-setting ratings for Christmas NFL games. Rigetti leads quantum stocks higher as year-end surge ...
Fannie Mae and Freddie Mac aren’t your neighbors — they’re mortgage game changers. Here’s how to leverage their 2025 loan limit boost
Wondering how Fannie Mae and Freddie Mac can make homeownership more affordable in 2025? With higher conforming loan limits ...
National Mortgage News2d
Jobs, rates and insurance influence Freddie's 2025 outlook
Mortgage rates should decline very gradually next year as the Federal Reserve will keep to its implied path of short-term rate reductions, Freddie Mac said.