Average Rate on 30-Year Mortgage Drops Slightly

Freddie Mac says the average rate on a 30-year mortgage slipped to 6.78% this week, ending a six-week climb
Freddie Mac says the average rate on a 30-year mortgage slipped to 6.78% this week, ending a six-week climb
Average rate on a 30-year mortgage slips for first time in weeks
Despite its recent upward move, the average rate on a 30-year mortgage is still down from 7.22 percent in May, its peak so far this year. In late September, the average rate got as low as 6.08 percent — its lowest level in two years.
Average Rate on 30-Year Mortgage Drops Slightly After 6 Weeks of Increases
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May. In late September, the average rate dipped to 6.08 percent, the lowest level in two years, after the Federal Reserve cut interest rates. But mortgage rates have since crept higher until this week.
Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall
“After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “Our latest research shows that mortgage payments compared to rents on the same homes are elevated relative to most of the last three decades."
Alert: Freddie Mac says the average rate on a 30-year mortgage slipped to 6.78% this week, ending a six-week climb
MCLEAN, Va. (AP) — Freddie Mac says the average rate on a 30-year mortgage slipped to 6.78% this week, ending a six-week climb.
Mortgage rates fall slightly, ending 6-week climb
Mortgage rates leveled off this week after climbing for six consecutives weeks, stalling along with demand in the stagnant housing market amid an affordability crisis.
The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago,
After the election, mortgage rates level off
After climbing for the last six weeks, mortgage rates have leveled off. They didn’t go down this week but they didn’t go up either, and economists say that
Current Mortgage Rates: November 14, 2024
Mortgage rates saw very little movement over the past week, breaking a six-streak of steady increases. Freddie Mac’s average rate for a 30-year fixed-rate mortgage ticked down to 6.78% for the week ending November 14.
Fannie Mae and Freddie Mac Shares Soared After Trump’s Win. What Comes Next for the Stocks.
Investors are betting that the president-elect will push to remove the companies, from their Federal Housing Finance ...
Mortgage rates may be stabilizing after the election. Here's what to expect into early 2025
The average 30-year fixed-rate mortgage in the U.S. slightly dipped to 6.78% for the week ending Nov. 14, barely changed from ...
International4h
U.S. Mortgage Rates Remain Stubbornly High Post Election, Rate Cuts
Based on  Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 6.78 ...
Mortgage rates were predicted to fall in 2025. Does a Trump win change that?
Experts have been saying that mortgage rates will go down in 2025, but if inflation rises under Trump, we could actually see ...
Arizona Daily Star28m
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House.