Mortgage Rates Increase Again Putting Pressure On Buyers

Mortgage Rates Increase Again Putting Pressure On Buyers

ByTMN Editor Reading Time: 2 minutes

Mortgage rates increased slightly last week, inching up after falling the week prior. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.81%, up from 6.78%. A year ago at this time, the 30-year FRM averaged 5.30%. The 15-year fixed-rate mortgage also increased, up to 6.11% from 6.06%. A year ago, it…

Rates Fall, Breaking Upward Streak

Rates Fall, Breaking Upward Streak

ByTMN Editor Reading Time: 2 minutes

Mortgage rates declined last week, breaking a three-week streak of increases. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.71%, down from 6.79% the week prior. A year ago at this time, the 30-year FRM averaged 5.23%. The 15-year fixed-rate mortgage also fell from 6.18% to 6.07%. A year ago, it…

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