Economy News Mortgage Rates Inch Up To Highest Level Since Early May, Even As U S Economy Slows

U.S. mortgage applications surge to highest level in two years as home sales pick up

U.S. mortgage applications to buy a home surged last week to the highest level since early 2023, despite still-elevated borrowing costs. Read More

Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

The average 30-year mortgage rate fell to 6.19% from 6.27% last week. Rates are now at their lowest point since October 2024. A year ago, the average long-term rate was 6.54%. Mortgage rates are ... Read More

Average long-term U.S. mortgage rate ticks up for second straight week, to 6.34%

Washington — The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down home borrowing costs to their lowest level in ... Read More

Mortgage rates inch up but continue to move in narrow range

Mortgage rates edged up but continued to move in a narrow range, according to the latest Freddie Mac (OTCQB:FMCC) Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.26% as of November 20 ... Read More

U.S. mortgage rates fall to 6.17%, lowest since October 2024

US mortgage rates have dropped to 6.17% for the 30-year fixed-rate loan, marking the lowest level since early October 2024 and continuing a decline for the fourth consecutive week. This slip follows ... Read More

Average long-term U.S. mortgage rate dips to 6.17%, its lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year. Lower mortgage rates boost homebuyers’ purchasing power. They also benefit ... Read More

Mortgage Rates Inch Toward 6% as Fed Weighs October Cut

Mortgage rates fell for the fourth consecutive week, finally nearing 6% for the first time since September 2024. Lenders and analysts have been anticipating that the Federal Reserve will announce ... Read More