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Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs
The average 30-year U.S. mortgage rate increased to 6.49% from 6.43% last week, according to Freddie Mac, raising borrowing costs for homebuyers and reducing their purchasing power. The 15-year fixed-rate mortgage also rose to 5.82%, impacting refinancing options. Higher rates have contributed to weaker home sales this year.
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- Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers’ borrowing costs
- Average 30-year US mortgage rate rises to 6.49%, pushing up homebuyers' borrowing costs
- Average US long-term mortgage rate rises to 6.52%, just below its high for the year
- Freddie Mac says the average rate on a 30-year mortgage rose to 6.49% this week, returning to where it was two weeks ago