Average mortgage rate slips below 7%, falling for first time in 5 weeks
The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row. The rate fell to 6.96% from 7.04% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.69%.
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Current Mortgage Rates: January 16, 2025Freddie Mac’s benchmark rate increased over the past week as worries about inflation pushed 10-year Treasury yields, ...
“Mortgage rates ticked up for the fifth consecutive week and crossed 7% for the first time since May of 2024,” says Sam ...
The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
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U.S. mortgage rates rose for consecutive weeks in January of 2025. That's the word from Freddie Mac, which released its ...
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