US EditionAverage US long-term mortgage rate barely budges, holding near 6%
The 30-year fixed mortgage rate held near 6.11%, nearly 0.8 percentage points lower than a year ago, reflecting steady borrowing costs amid Federal Reserve policy.
- Mortgage buyer Freddie Mac said Thursday the average long-term U.S. mortgage rate barely moved this week, staying near 6%.
- Investor expectations and Fed policy shaped rates, with the 10-year Treasury yield at 4.21% midday Thursday, and Smith said yields respond to economic signals and Fed credibility.
- Short-Term data show a modest rebound after a recent low three weeks ago, as the average 15-year fixed mortgage rose to 5.5% from 5.49% last week.
- Higher borrowing costs are squeezing affordability and refinancing demand as home delistings surge while home sellers struggle to get their price and 15-year fixed mortgage rates tick up.
- Said Sam Khater, 'For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in years,' as policy credibility and the Kevin Warsh nomination may influence yields ahead of the spring home sales season.
29 Articles
29 Articles
Fox Business
BizTocMortgage rates tick higher but remain near 6%
Mortgage rates ticked higher this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.11% from last week's reading of 6.10%. The average rate on a 30-year loan was 6.89% a year ago.HOME DELISTINGS SURGE AS SELLERS STRUGGLE TO GET THEIR PRICE"For the last several weeks, the 30-year fixed-rate mortgage h…
Mortgage Rates Rise To 6.11%: Freddie Mac
FOX Business’ Jeff Flock joins ‘Mornings with Maria’ live from Austin, Texas, showcasing 3D-printed homes. Mortgage rates ticked higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.11% from last week’s reading of 6.10%. The average rate on a 30-year loan was 6.89% a year ago. HOME DELISTI…
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
