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While rates have come down, as of March 21, the average 30-year mortgage rate was at 6.87% — much higher than a couple of years ago. ... as in 1980 — to much lower mortgage rates post-election ...
Average mortgage rates inch higher as of Tuesday, November 5, 2024 — Election Day and a day before the Federal Reserve comes together for a penultimate policy meeting this year.Rates have been ...
Freddie Mac reports an average 6.95% for a 30-year fixed-rate mortgage, down 1 basis point from last week's average 6.96%, according to its weekly Prime Mortgage Market Survey of nationwide ...
In any normal housing market, a doubling of mortgage interest rates would have pushed home prices down. Yet, prices kept rising even as rates shot from 3 percent in 2021 to 8 percent in late 2023.
That's because mortgage rates are based on several factors beyond the Fed's benchmark rate, including the strength of the U.S. economy and changes in the yield for the U.S. 10-year Treasury bond.
Average mortgage rates continue to push higher week over week as of Thursday, October 31, 2024, edging the fixed rate on a 30-year term closer to 6.90% — the highest level since early June.
Freddie Mac weekly mortgage report: Rates stall post-election and Fed rate cut. Freddie Mac reports an average 6.78% for a 30-year fixed-rate mortgage, down 1 basis point from last week's average ...
Average mortgage rates are trending higher as of Thursday, December 19, 2024, a day after the Federal Reserve announced it was lowering its benchmark interest rate by 25 basis points to a range of ...