The average rate of a 30 -year mortgage in the US.
The rate averaged 6.65% this week, compared to 6.63% last week, Mortgage Buyer Freddie Mac said Thursday a year ago, averaged 6.74%.
Loan costs in fixed rate mortgages to 15 years, popular among owners who seek to refinance their mortgage loan at a lower rate, also increased this week. The average rate increased to 5.8% of 5.79% last week. A year ago, he averaged 6.16%, said Freddie Mac.
Mortgage rates are influenced by several factors, including the way in which the bond market reacts to the decisions of the Federal Reserve interest policy.
After rising to a little more than 7% in mid -January, the average rate of a 30 -year mortgage decreased until last week, echoing the movements in 10 -year treasure performance, which the lenders use as a guide to set the price of home loans. Until now, the setback in the fees has not improved the affordability equation for many possible housing buyers, maintaining the real estate market in a Sales fall.
