Federal Home Loan Mortgage Corporation (FMCKO)
- CNN Business
Mortgage rates surged for the second-straight week after hitting two-year lows
Prospective homebuyers waiting on the sidelines for a further drop in mortgage rates received unwelcome news on Thursday.
- Reuters
US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says
The 30-year fixed-rate mortgage was 20 basis points higher than a week earlier when it averaged 6.12%, mortgage finance giant Freddie Mac said on Thursday. The reversal comes after mortgage rates declined steadily since May as investors geared up for the Fed to begin a rate-cutting cycle, which it began last month.
- Associated Press Finance
Average US 30-year mortgage rate surges to 6.32%, adding pressure to buyers facing high home prices
The rate ticked up from 6.12% last week, mortgage buyer Freddie Mac said Thursday. Two weeks ago, the average rate slipped to its lowest level in two years — 6.08% — boosting home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions.
