US 30 yr mortage fee rises to six.72% from 6.60% final week.

The speed on the 30-year mortgage within the US from Freddie Mac rose to six.72% within the present week from 6.60% final week. That’s nonetheless beneath the excessive from November which reached 6.84%.

The excessive for the yr was 7.22% reached on Might 2, 2024.

In different housing information as we speak, present house gross sales rose to four.15M annualized tempo from three.96M within the prior month. Though a welcome reduction from the lows of final month, the gross sales tempo stays extra to the lows of the gross sales tendencies going again in time.

This text was written by Emma Wang at www.ubaidahsan.com.



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