Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row
The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row. The rate fell to 6.96% from 7.04% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.69%.
Average rate on 30-year mortgage slips below 7%
The rate fell to 6.96% from 7.04% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.69%.
Mortgage rates finally fall after 6-week climb
The average 30-year fixed-rate mortgage dropped below 7% after climbing for six consecutive weeks as the housing market sees little relief amid an affordability crisis.
Mortgage rates declined this week, falling below 7%
After rising for several weeks, mortgage rates have dipped slightly this week. Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fix
Q1 2025 mortgage rates: 30-year fixed loans to average 6.7%
Mortgage rates are likely to remain elevated through at least the first half of the year, keeping sales of previously owned homes subdued.
30-year mortgage rates dip below 7% this week
Since its inception in 1970, Freddie Mac (OTC:FMCC) has played a pivotal role in helping millions of families to buy, rent, or maintain their homes. This week's survey results provide a glimpse into the current state of mortgage rates and their impact on the housing market.
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Freddie Mac Multifamily Volume Soars 34% in 2024
It also surpassed its affordable housing goals with record 2024 volume.
2024 Freddie Mac Multifamily Volume Reaches $66 Billion, Up 34% Year Over Year
Company Supported Over 507,000 Affordable Rental Units in 2024, on Track to Exceed Affordable Housing GoalsMCLEAN, Va., Jan.
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Mortgage rates drop, but treasury yields tell another story
The 30-year fixed rate mortgage fell back under 7% this week, the Freddie Mac survey found. But Treasury yields started rising again in recent days.