"Mortgage Rates Fluctuate: Recent Rise Follows Period of Stability and Predictions of Sustained Highs"
TL;DR
U.S. mortgage rates have increased for the first time since late October 2023, with the average rate for a 30-year fixed loan rising slightly to 6.62% from 6.61% the previous week, according to Freddie Mac. This marks the end of a 10-week streak of declining rates from near two-decade highs. Despite this uptick, an economist has suggested that mortgage rates are likely to decline over the course of the year.
Topics:businessbusiness-and-finance##business-and-finance#economy#freddiemac#housingmarket#interestrates#mortgagerates
- US Mortgage Rates Rise to 6.62%, First Increase Since October 2023 Bloomberg
- The Hidden Force Pushing Mortgage Rates Down The Wall Street Journal
- US mortgage rates increase for the first time since October CNN
- CHART OF THE DAY: Mortgage rates will stay above 6% through 2025, Goldman Sachs says Yahoo Finance
- Freddie Mac Mortgage Rates Move Sideways to Start 2024 Investopedia
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