By Alex Veiga
The average rates of the 30 -year mortgage in the United States have been alleviated for two consecutive weeks, but slightly below 7 %.
Freddie Mac, a mortgage buyer, said on Thursday. One year ago, an average was 6.63 %.
The 15 -year fixed interest rate mortgage borrowing cost of mortgage owners trying to refinance a mortgage to a lower price has also been relaxed this week. The average rate fell from 6.16 % last week to 6.12 %. A year ago, it was 5.94 % on average, Freddy Mac said.
The mortgage rate is affected by several factors, such as how the bond market reacts to the Federal Reserve’s interest rate policy decision. The average rate of mortgages in 30 years has fallen to the lowest time in two years, which is slightly higher than 6 % last September, but has increased by almost since then, and a 10 -year -old Finance yield. The rise is repeated. Mortgage price setting.
The yield, which was 3.62 % in mid -September, reached 4.79 % two weeks ago. President Donald Trump, which may come from President Donald Trump, and the solid US economy and concerns about other policies have also helped to increase the yield of bonds.
The 10 -year Finance’s yield was 4.53 % on Thursday noon trading.
The rise in mortgage rates, which can add hundreds of dollars on a month to the borrower, extended the sluggish nationwide housing sales in 2022, reminding the housing shoppers.
The previously occupied US house sales rose to December for the third consecutive month, but 2024 was the worst year for housing sales in nearly 30 years.
“Due to these high rates and sustainable lack of supply, many housing buyers still have affordable hurdles and have a considerable number of hurdles,” he said. Economist, Sam Carter, states.
Initially released: January 30, 2025 12:29 pm EST
