US mortgage rate inches up to 6.93%, 4th straight increase

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.
Mortgage rates see fourth straight increase. What does this mean?
The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, specifically the yield on the US 10-year Treasury. The yield on the 10-year Treasury has climbed from 3.62 percent in mid-September to 4.66% this week.
Weekly Mortgage Rates Ebb, but Rates Unlikely to Plunge in 2025
Mortgage interest rates pulled back a little this week, but it was hardly enough to erase the past three weeks' gains. The week ending Jan. 9, the average rate on the 30-year fixed-rate mortgage fell four basis points to 6.93%, according to rates provided to NerdWallet by Zillow. A basis point is one-one hundredth of a percentage point.
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
Mortgage rates climb for 4th straight week — to the highest level in 6 months
The average long-term US mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac.

U.S. Mortgage Rates Climb to Highest Since Jul.

Mortgage Rates Today: January 8, 2025—Rates Remain Fairly Steady
The current average mortgage rate on a 30-year fixed mortgage is 7.34%, compared to 7.29% a week earlier, according to ...
Today's Mortgage Rates | Rates Up, but There's Still Hope for Borrowers
These are today's mortgage and refinance rates. Mortgage rates have been elevated this month, but they may still trend down ...
What factors drive mortgage loan interest rates?
Global economic conditions and geopolitical events can also influence mortgage rates through their impact on the bond market.
Mortgage rates hit 6-month high, loan applications dwindle
“Even by the end of next year, it’s hard to see sub 6 percent mortgage rates,” said Mark Fleming, chief economist at First ...
Today's Mortgage Rates | How Inflation and Jobs Data Could Impact Rates This Month
These are today's mortgage and refinance rates. Mortgage rates are flat, but incoming job market and inflation data could ...
5 ways to save on your mortgage payments this January, according to experts
If you're among the millions of Americans who locked in a mortgage interest rate above 7%, you may have a chance to reduce ...
What To Expect in Mortgage Rates and Savings Accounts in 2025
As we step into the new year, with the presidential inauguration on the horizon, many are wondering about the direction of ...
Today's Mortgage Rates | When Will Rates Start to Drop?
These are today's mortgage and refinance rates. Mortgage rates are forecast to go down this year, but how much they drop ...