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One chart shows how the Fed's campaign against inflation has made borrowing much more expensive in the U.S. ... Freddie Mac's reported 30-year mortgage rates have risen from 3.6% to 6.15%, ...
Jumbo 30-year mortgage rates declined a notable 6 basis points Friday, reducing the average to 7.10% after registering a 10-month high of 7.16% Thursday. Last fall, in contrast, ...
If mortgage rates drop this year as predicted, then that could make refinancing more attractive to homeowners in 2024, especially those who were homebuyers in the latter half of 2023.
The average rate on 15-year fixed-rate mortgages, popular with those refinancing their homes, rose to 6.55% from 6.46% last week. A year ago, it averaged 4.85%, Freddie Mac said.
The average rate for a 30-year mortgage climbed to 6.91 percent from 6.58 last week, mortgage buyer Freddie Mac said Thursday, as it also surpassed the 6.62 percent rate from the same period ...
During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%. Rates reached a recent ...
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