Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.
Average rate on 30-year mortgage hits 7%, its fifth straight increase
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines.
Average mortgage rate reaches 7% for first time since May
The average 30-year fixed rate rose to 7.04% for the week ending Thursday, according to mortgage giant Freddie Mac. The average has now climbed for five straight weeks, and this week marks the first time since May the it has climbed above 7%.
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The interest rate on 30-year mortgages rose last week to an eight-month high, extending an upward trend that’s squeezing would-be homebuyers already facing rising house prices and limited supply. The average rate on the most popular home loan reached 7.
U.S. mortgage rates rise for fifth straight week
MCLEAN, Va. - Freddie Mac (OTCQB: OTC:FMCC), a $16 billion market cap financial services giant that has delivered an impressive 582% return over the past year according to InvestingPro, reported on Monday that the 30-year fixed-rate mortgage (FRM) average has climbed to 7.
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Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The rate rose to 6.85% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate on a 30-year mortgage averaged 6.61%. The average rate on a 30-year ...
30-Year Mortgage Rates Climb Again After One-Day Pause
After a brief pause Tuesday, the flagship mortgage average resumed its recent upward trend Wednesday. Most other loan types tacked on points as well.