Average Rate on 30-Year Mortgage Drops Slightly

Mortgage rates fall slightly, ending 6-week climb
Mortgage rates leveled off this week after climbing for six consecutives weeks, stalling along with demand in the stagnant housing market amid an affordability crisis.
Average Rate on 30-Year Mortgage Drops Slightly After 6 Weeks of Increases
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May. In late September, the average rate dipped to 6.08 percent, the lowest level in two years, after the Federal Reserve cut interest rates. But mortgage rates have since crept higher until this week.
After the election, mortgage rates level off
After climbing for the last six weeks, mortgage rates have leveled off. They didn’t go down this week but they didn’t go up either, and economists say that
Average rate on a 30-year mortgage slips for first time in weeks
Despite its recent upward move, the average rate on a 30-year mortgage is still down from 7.22 percent in May, its peak so far this year. In late September, the average rate got as low as 6.08 percent — its lowest level in two years.
The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago,
U.S. mortgage rates jump for sixth straight week
Freddie Mac reports the 30-year fixed mortgage rate averaged 6.79% for the week ending Nov. 7 — up from 6.72% last week.
Mortgage rates ease for first time in weeks
Mortgage rates in the U.S. declined for the first time in seven weeks. The average for a 30-year, fixed loan was 6.78%, down from 6.79% last week, Freddie Mac said Thursday in a statement. That’s still down from a year ago when the rate averaged 7.4%.
Following Elections Results and a Fed Rate Cut, Mortgage Rates Stall
“After a six-week climb, rates have leveled off, but overall affordability continues to be an issue for potential homebuyers,” said Sam Khater, Freddie Mac’s Chief Economist. “Our latest research shows that mortgage payments compared to rents on the same homes are elevated relative to most of the last three decades."
Current Mortgage Rates: November 14, 2024
Mortgage rates saw very little movement over the past week, breaking a six-streak of steady increases. Freddie Mac’s average rate for a 30-year fixed-rate mortgage ticked down to 6.78% for the week ending November 14.
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