Mortgage Rates Rise For Second Straight Week

Mortgage Rates Rise For Second Straight Week

(RTTNews) – Mortgage rates, or interest rates on home loans, increased for second consecutive week after dropping for three straight weeks, according to mortgage provider Freddie Mac (FMCC.OB).

The 30-year FRM averaged 6.85 percent as of December 26, 2024, up from last week when it averaged 6.72 percent. A year ago at this time, the 30-year FRM averaged 6.61 percent.

The 15-year FRM averaged 6.00 percent, up from last week when it averaged 5.92 percent. A year ago at this time, the 15-year FRM averaged 5.93 percent.

“Mortgage rates increased for the second straight week, rebounding after a decline from earlier this month,” said Sam Khater, Freddie Mac’s Chief Economist. “While a slight improvement in new and existing home sales is encouraging, the market remains plagued by an overwhelming undersupply of homes. A strong economy can help build momentum heading into the new year and potentially boost purchase activity.”

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Mortgage Rates Rise For Second Straight Week

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