Business

30-Year Mortgage Rate Inches Closer to 6.5 Percent: Freddie Mac

Housing demand slows on weak inventories and mortgage market volatility.
30-Year Mortgage Rate Inches Closer to 6.5 Percent: Freddie Mac
A home available for sale in Austin, Texas, on May 22, 2024. Brandon Bell/Getty Images
Andrew Moran
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The 30-year fixed-rate mortgage climbed for the third consecutive week, inching closer to 6.5 percent, according to Freddie Mac.

The federal agency’s Primary Mortgage Market Survey revealed that for the week ending Oct. 17, the average 30-year fixed-rate mortgage rose by 12 basis points to 6.44 percent.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."