The benchmark 30-year fixed rate mortgage rate rose to 6.1%.
FILE – A for sale sign stands outside a home on the market in the Alamo Placita neighborhood Tuesday, Aug. 27, 2024, in central Denver. The average long-term U.S. mortgage rate edged up for the second week in a row, but remains just above its lowest level in more than three years.
The benchmark 30-year fixed rate mortgage rate rose to 6.1% from 6.09% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.95%.US applications for jobless benefits, a proxy for layoffs, tick down to 209,000 last weekBorrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week. That average rate inched up to 5.49% from 5.44% last week. A year ago, it was at 6.12%, Freddie Mac said.to bond market investors’ expectations for the economy and inflation. They generally follow the trajectory of the 10-year Treasury yield, which lenders use as a guide to pricing home loans.Woodland Hills business must pay more than $1.5 million after COVID-19 business loan fraudMan, 80, and his dog killed by hit-and-run driverAfter housing nearly 300 people, Los Angeles officials to expand San Fernando Valley’s RV-to-Home project citywideAliso Canyon natural gas storage facility temporarily vented gas to the atmosphere
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