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The average 30-year fixed-rate mortgage started the decade at about 7.5 percent in 1971 (the earliest year for which data is available), according to Freddie Mac. By 1979, the rate had risen to an ...
Freddie Mac reports an average 6.60% for a 30-year fixed-rate mortgage, down 9 basis points from last week's average 6.69%, according to its weekly Prime Mortgage Market Survey of nationwide ...
Freddie Mac reports an average 6.91% for a 30-year fixed-rate mortgage, up 6 basis points from last week's average 6.85%, according to its weekly Prime Mortgage Market Survey of nationwide lenders ...
30-year fixed-rate mortgage: 5.75%. Change: -1.15 percentage point. Highest since 2009. Mortgage rates ended 2023 with a cooldown almost as fast as the surge.
The average rate on a 30-year mortgage rose from below 3% in September 2021 to a 23-year high of 7.8% last October. That coincided with the Fed increasing its benchmark interest rate to fight inflation. When mortgage rates rise they can add hundreds of dollars a month in costs for borrowers.
The average rate on a 30-year mortgage rose from below 3% in September 2021 to a 23-year high of 7.8% last October. ... The housing market has been in a sales slump since 2022 as elevated mortgage ...
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