Mortgage rates ticked up just slightly last week, staying essentially the same after a weeks-long slide. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.78%, up 1 bps from the week prior’s 6.77%. A year ago at this time, the 30-year FRM averaged 6.81%. The 15-year also rose to 6.07% from…
Mortgage rates have increased again as new data suggests inflation is sticking harder than previously thought. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage rate averaged 6.65%, up from 6.50% the week prior. A year ago at this time, the 30-year FRM averaged 3.76%. The 15-year fixed-rate mortgage rose from 5.76% to…
The Federal Reserve on Wednesday kept interest rates effectively at 0 percent and vowed to increase holdings in Treasury securities and mortgage-backed securities to support the economy during the coronavirus pandemic. In a statement following its meeting, the Fed said it “is committed to using its full range of tools to support the U.S. economy…
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