Mortgage Rates Edge Higher, Impacting Homebuyers

Mortgage rates in the U.S. have seen a slight uptick, with the average thirty-year rate now at six point two six percent. This is up from six point two four percent last week and close to its lowest point this year. Fifteen-year fixed-rate mortgages also saw a slight increase, averaging five point five four percent. These rising rates could impact homebuyers purchasing power, as sales of previously owned homes have remained around a four-million annual pace since two thousand twenty-three. Mortgage rates are influenced by various factors, including the Federal Reserves interest rate policy and bond market investors expectations. The ten-year Treasury yield, at four point one zero percent, serves as a guide for pricing home loans.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.