Mortgage rates rise to 6.89 %: Freddy Mac

Mortgage rates Freddy Mac Freddy Mac said on Thursday that increasing the third week in a row and continuing to hover near the 7 % level.

The latest survey in the mortgage market in Freddy Mac, which was released on Thursday, showed that the average price is on the index A stable mortgage for 30 years It rose to 6.89 % of last week’s reading by 6.86 %. This was the highest level since February 6, when the average mortgage rate for 30 years reached 6.89 %.

The average loan price for 30 years was 7.03 % a year ago.

“The aspiring buyers should remember shopping for the best mortgage rate, as they can save thousands of dollars by obtaining multiple price offers,” said Sam Khatter, the chief economist in Freddy Mac.

When leaving the house to your heirs with reverse results

The average fixed mortgage rate increased for 15 years to 6.03 % of last week’s reading by 6.01 %. One year ago, the average fixed observation rate for 15 years reached 6.36 %.

These states were the MVPS housing market, according to RealTor.com

Meanwhile, the National Association of Real Estate Junction said on Thursday Huslasting home sales index, Based on signed contracts, it decreased by 6.3 % to 71.3 last month.

The economists of Reuters expected the contracts, which became sales after a month or two, decreased 1 %. Home sales decreased by 2.5 % from the previous year.

“At this critical stage of the housing market, it is related to the mortgage rates,” said Lawrence Yun, chief economist in NAR. “Despite the increase in housing stocks, we do not see a rise in home sales. Low mortgage rates are necessary to return home buyers to the housing market.”

Reuters contributed to this report.