Housing Trends

Finance News

Mortgage rates ticked up this week

Higher Treasury yields pushed mortgage rates higher

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After several weeks of declining mortgage rates, the cost of financing a home moved up slightly this week. Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) averaged 6.12% this week.

“The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market’s enthusiasm on rate cuts was premature,” said Sam Khater, Freddie Mac’s chief economist. 

“Zooming out...

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