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Mortgage rates hold steady at 6.74%
According to data from Freddie Mac, the average rate on a 30-year fixed mortgage was 6.74% for the week ending Wednesday, down just a single basis point from 6.75% the week prior. The average 15-year fixed mortgage rate was 5.87%, down five basis points from 5.92% last week.
Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
The Associated Press - Business News on MSN2h
Average long-term US mortgage rate eases to 6.74%, keeping home loan borrowing costs elevatedBorrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The ...
Fed chair Powell's 'wait and see' approach to interest rates has drawn criticism from the Trump administration, which insists ...
The average rate on the 30-year fixed mortgage fell this week to 6.74%, according to the latest Freddie Mac data released on ...
As more homes remain on the market longer, buyers are closely watching mortgage rates to see if there's an opportunity to ...
NerdWallet on MSN6h
Weekly Mortgage Rates Barely Budge, With No Signs of FallingWeekly mortgage rates continued to simmer last week, as markets wait in suspense ahead of the White House’s August 1 tariff ...
A new company offers a software tool that allows buyers and agents to find sellers with low-rate mortgages that can be ...
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
President Trump argues the Federal Reserve should cut interest rates to make buying a house cheaper. Former Labor Secretary Robert Reich warns that could backfire.
Fannie Mae (OTCQB:FNMA) revised its 2025 and 2026 mortgage rates and home price growth estimates lower, as part of the July ...
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