U.S. Mortgage Rates on the Rise for Fourth Week in a Row
Stay informed on the latest data from Freddie Mac's Primary Mortgage Market Survey, showing a steady increase in 30-year fixed-rate mortgages to 6.94 percent.
According to the latest data from Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) has seen an increase, averaging 6.94 percent as of February 29, 2024. This is up from last week's average of 6.90 percent and significantly higher than the 6.65 percent average from a year ago.
In addition, the 15-year FRM has experienced a slight decrease, averaging 6.26 percent compared to last week's 6.29 percent. However, this is still higher than the 5.89 percent average from the same time last year.
These fluctuations in mortgage rates can have a significant impact on the housing market, influencing both potential buyers and current homeowners. As rates continue to fluctuate, it is important for individuals to stay informed and consider how these changes may affect their financial decisions.
The latest data from Freddie Mac's Primary Mortgage Market Survey shows that mortgage rates are on the rise, with the 30-year FRM averaging 6.94 percent and the 15-year FRM averaging 6.26 percent. These changes highlight the importance of staying informed and being prepared to make informed financial decisions in a fluctuating market.
U.S. Mortgage Rates on the Rise for Fourth Week in a Row
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