Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Mortgage rates climb to 6.95% By: FOX Business July 03, 2024 at 12:29 PM EDT The average rate for a 30-year fixed-rate mortgage climbed to 6.95% this week as rates remain uncomfortably high, contributing to the housing affordability crisis. Mortgage rates increased this week, approaching nearly 7% again as rates remain stubbornly high and continue to hinder the housing market.Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.95% this week from 6.86% last week. The average rate on a 30-year loan was 6.81% a year ago.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe average rate on the 15-year fixed mortgage also rose, jumping to 6.25% from 6.16% last week. One year ago, the rate on the 15-year fixed note averaged 6.24%. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Mortgage rates climb to 6.95% By: FOX Business July 03, 2024 at 12:29 PM EDT The average rate for a 30-year fixed-rate mortgage climbed to 6.95% this week as rates remain uncomfortably high, contributing to the housing affordability crisis. Mortgage rates increased this week, approaching nearly 7% again as rates remain stubbornly high and continue to hinder the housing market.Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed that the average rate on the benchmark 30-year fixed mortgage climbed to 6.95% this week from 6.86% last week. The average rate on a 30-year loan was 6.81% a year ago.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe average rate on the 15-year fixed mortgage also rose, jumping to 6.25% from 6.16% last week. One year ago, the rate on the 15-year fixed note averaged 6.24%.