None
EN
Mortgage Rates Today: 30-Year Rate Nears 7% as Treasury Yields Ease
['Tia Avet', 'Analyst', 'Covering Cryptocurrency Markets', 'Policy', 'Regulation. With Over Seven Years Of Experience In Business', 'Marketing Development', 'She Has Spent The Past Two Years Specializing In Digital Assets.', 'Min Read', 'August']
Coinpaper
U.S. mortgage rates entered August close to their highest levels in a year, extending the affordability squeeze for homebuyers.
Freddie Mac’s latest weekly survey put the average 30-year fixed mortgage at 6.66%, up from 6.58% a week earlier, while the 15-year fixed rate rose to 6.04% from 5.96%.
Mortgage News Daily’s index showed the average 30-year fixed rate at 6.83%, only 2 basis points below its 52-week high.
U.S. 30-Year Mortgage Rate History.
Mortgage rates do not move directly with the federal funds rate; expectations for inflation, Treasury supply and long-term bond yields usually matter more.