Mortgage rates ‘linger’ over 7%, Freddie Mac says, slowing the housing market further

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Business News News

The 30-year mortgage rate is averaging 7.19%, Freddie Mac said Thursday in its latest weekly survey.

The 30-year fixed-rate mortgage averaged 7.19% as of September 21, according to data released by Freddie Mac FMCC, +0.80% on Thursday.

Freddie Mac’s weekly report on mortgage rates is based on thousands of applications received from lenders across the country that are submitted to Freddie Mac when a borrower applies for a mortgage. What Freddie Mac said: “Mortgage rates continue to linger above seven percent as the Federal Reserve paused their interest rate hikes,” Sam Khater, chief economist at Freddie Mac, said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines