Average US Long-Term Mortgage Rate Ticks up to 6.37%
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Average US long-term mortgage rate ticks up to 6.37%
The average long-term U.S. mortgage rate rose again this week, reflecting ongoing bond market volatility as surging oil prices due to the war with Iran heighten inflation worries. The benchmark 30-year fixed rate mortgage rate rose to 6.37% from 6.3% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from one year ago,...
The average mortgage rate rose slightly month-on-month by 0.01 point to 5.19 percent at the beginning of May. It is the highest since December 2024. This is according to the latest data from the Swiss Life Hypoindex, which is compiled based on the offer rates at the beginning of each month. The methodology reflects the current average offer rate for a mortgage loan for 80 percent of the property value.
Mortgage Rates Climb as Inflation Rebounds and Yields Rise
Mortgage rates continued to increase in April as ceasefire negotiations remain inconclusive. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.34% in April, 16 basis points (bps) higher than March. The average 15-year rate also increased by 13 bps to 5.69%. Despite the recent increase, both rates remain lower than a year ago by […]
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