US Mortgage Rates Increase for Fourth Consecutive Week
Original Source:
Mortgage Rates Average 6.66%
Mortgage Rates Average 6.66%
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending Thursday, July 30.
The 30-year fixed-rate mortgage averaged 6.66%, up from 6.58% the previous week. A year ago at this time, the 30-year rate averaged 6.72%.
The 15-year fixed-rate mortgage averaged 6.04%, up from 5.96% last week. A year ago at this time, the 15-year rate averaged 5.85%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“The 30-year fixed-rate mortgage averaged 6.66% this week. The housing market continues to benefit from more available inventory, providing prospective homebuyers with additional options and helping support buyer activity as mortgage rates fluctuate.”
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