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Mortgage rates climb to highest level in more than three months amid bond market unrest
The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest level since mid-February, according to data released Thursday from Freddie Mac. Growing concern about the national debt impacted home borrowing rates this week.
Rates for home loans pressed higher, offering little relief for a housing market stuck in neutral. In the week ending May 15, 30-year fixed-rate mortgages averaged 6.81%, Freddie Mac announced, up ...
Long-term mortgage rates rose this week, but remained below the 7% level for the 18th consecutive week, said the latest ...
U.S. mortgage rates eased slightly this week, with the 30-year fixed rate falling to 6.76%, offering modest relief to potential homebuyers during the traditionally busy spring season.
Fannie and Freddie were once private companies. As the subprime bubble inflated in the early 2000s, they lowered their ...
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