Federal Home Loan Mortgage Corporation (FMCCI)
- Associated Press Finance
Average long-term US mortgage rate rises for again, reaching highest level more than five months
The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what's typically the housing market's busiest stretch of the year. The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates rise, they can add hundreds of dollars a month in costs for borrowers.
- Bloomberg
Mortgage Rates in US Increase for Fifth Week, Hitting 7.22%
(Bloomberg) -- Mortgage rates in the US climbed for a fifth week, ratcheting up the pressure on homebuyers.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes Supercharger Team in Blow to Broader EV MarketThe average for a 30-year, fixed loan was 7.22%, up from 7.17% last
- GlobeNewswire
Rates Increase Again and at a Key Moment for the Housing Market
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 05/02/2024 MCLEAN, Va., May 02, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.22 percent. “The 30-year fixed-rate mortgage increased for the fifth consecutive week as we enter the heart of Spring Homebuying Season,” said Sam Khater, Freddie Mac’s Chief Economist. “On average, more than one
