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Average Long-Term US Mortgage Rate Ticks up for Second Straight Week, to 6.34%
The average 30-year mortgage rate rose to 6.34%, influenced by Federal Reserve policy and economic outlook, with 81% of U.S. homes having rates at or below 6%, Realtor.com said.
- The average long-term US mortgage rate ticked up to 6.34% this week from 6.3% last week.
- Mortgage rates are influenced by factors like the Federal Reserve's interest rate policy and bond market expectations for the economy and inflation.
- The late-summer decline in mortgage rates has encouraged many recent homebuyers to refinance to lower rates, but economists forecast rates to remain around mid-6% this year.
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Associated Press News+17 Reposted by 17 other sources
Average long-term US mortgage rate ticks up for second straight week, to 6.34%
The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down home borrowing costs to the lowest level in nearly a year.
·United States
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Mortgage rates climb for second straight week
Mortgage rates rose 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 6.34% from last week's reading of 6.3%. The average rate on a 30-year loan…
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Total News Sources23
Leaning Left5Leaning Right1Center14Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
L 25%
C 70%
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