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Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.
Mortgage rates see fourth straight increase. What does this mean?
The benchmark 30-year fixed rate loan rate rose to 6.93 percent from 6.91 percent last week, according to mortgage giant Freddie Mac. It was at 6.66 percent a year ago and 3.64 percent five years ago.
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
30-Year Mortgage Rates Now Highest Since July: Freddie Mac
The 30-year mortgage rate climbed to 6.93% as of Thursday, Freddie Mac said, the highest its been since July. AFP The 30-year-mortage rate continues to climb as it hit its highest level since July on Thursday.
Mortgage rates climb for 4th straight week — to the highest level in 6 months
The average long-term US mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac.
HousingWire
13h
Freddie Mac hires Craig Phillips to handle regulatory and conservatorship affairs
Craig Phillips, who previously held positions at Morgan Stanley, BlackRock and the U.S. Department of the Treasury, will be ...
2d
Donald Trump Could Privatize Fannie Mae and Freddie Mac: What It Means for Your Mortgage
Fannie Mae and Freddie Mac, the government-backed mortgage giants, could be headed for privatization under Donald Trump‘s ...
12h
US 30-year fixed-rate mortgage rate hovers just under 7%
U.S. mortgage rates increased to a fresh six-month high this week, a trend that together with elevated house prices could ...
7h
Keefe sees Freddie, Fannie shares rallying on Craig Phillips hire
Keefe Bruyette thinks Freddie Mac’s (FMCC) announcement that Craig Phillips will join the company as executive vice president, corporate ...
1d
Freddie Mac: What Is Bill Ackman's Strategy?
Federal Home Loan Mortgage Corporation (Freddie Mac) may see big gains with privatization. Find out why FMCC stock could be a ...
National Mortgage News
6h
Former Treasury official, MBS desk chief joins Freddie Mac
Craig Phillips worked on early efforts to move the government-sponsored enterprises toward a conservatorship exit during the ...
7h
Freddie Mac names Craig Phillips EVP of strategy and external affairs
Freddie Mac (FMCC) announced that Craig Phillips will join the company as executive vice president, corporate strategy and external affairs.
8h
Mortgage rates hit six-month high
The strength of the economy — and persistent inflation — is doing no favors for buyers begging for a downturn in rates.
1d
Freddie Mac promotes interim finance chief to CFO
The mortgage finance giant’s new CFO James Whitlinger’s annualized target total direct compensation will be $2.4 million, ...
9h
Mortgage rates jump again, approaching 7% barrier
Fourth week of higher rates comes after 10-year Treasury yields, which mirror mortgage rates, rose after new economic data ...
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Donald Trump
mortgage rates
Fannie Mae
United States Department of the Treasury
Bill Ackman
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