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

Average US long-term mortgage rate rises again, inching up to 6.24%

The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, though it remains near its low point so far this year. The average long-term mortgage rate ticked up to 6.24% ... Read More

Mortgage demand from homebuyers hits highest level since September, despite rising interest rates

Homebuyer demand for mortgages rose last week to the highest level since September, even though interest rates also rose. Refinance demand, however, dropped. Read More

Mortgage rates fall for first time in 3 weeks

Mortgage rates fell for the first time in three weeks this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average ... Read More

Mortgage rates fall for second straight week as shutdown, economic uncertainty weigh

Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the ... Read More

Average long-term US mortgage rate eases to 6.3%, back to its lowest level in about a year

The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in about a year. The average long-term mortgage rate slipped to 6.3% from 6.34% last week, mortgage ... 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

U.S. home sales accelerated in September to their fastest pace since February as mortgage rates eased

Sales of previously occupied U.S. homes accelerated in September as declining mortgage rates and a pickup in available properties on the market encouraged home shoppers. Existing home sales rose 1.5% ... Read More

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

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in more than a year, extending a recent trend that’s helped give lagging U.S. home sales a boost. The average long-term ... Read More

Mortgage rates drop to the lowest level in a year, opening 'an important window' for buyers

Mortgage rates have plunged to their lowest level in 12 months, giving home buyers some room to breathe. The 30-year fixed-rate mortgage averaged 6.19% as of Oct. 23, according to a weekly report from ... Read More