Average mortgage rate slips below 7%, falling for first time in 5 weeks
The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row. The rate fell to 6.96% from 7.04% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.69%.
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Current Mortgage Rates: January 16, 2025Freddie Mac’s benchmark rate increased over the past week as worries about inflation pushed 10-year Treasury yields, ...
The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
“Mortgage rates ticked up for the fifth consecutive week and crossed 7% for the first time since May of 2024,” says Sam ...
Mortgage rates inched down in the first week of President Trump’s second term, as the financial markets assess the economic impact of his policies. A perception that Trump may be softer than expected ...
U.S. mortgage rates rose for consecutive weeks in January of 2025. That's the word from Freddie Mac, which released its ...
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