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Mortgage rates kick off 2025 with an increase, nearing 7%
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Fox Business, National

Mortgage rates kick off 2025 with an increase, nearing 7%

By Breck Dumas  | Fox Business Mortgage rates are up for a third straight week to the highest since July, further hindering demand in the already-stagnant housing market. "Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months," said Sam Khater, Freddie Mac’s chief economist. "Compared to this time last year, rates are elevated and the market’s affordability headwinds persist." READ THE FULL STORY AT FOX BUSINESS
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Mortgage rates rise for second straight week, highest since July
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Fox Business, National

Mortgage rates rise for second straight week, highest since July

By Matthew Kazin  | Fox Business Mortgage rates spiked this week to the highest level in five months, ending the year slightly higher than where they started. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.85%, up from last week's reading of 6.72%. The average rate on a 30-year loan was 6.61% a year ago. This week's increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to Freddie Mac data. The lowest rate this year was 6.08% at the end of September, while the highest — 7.22% — was reached at the beginning of May. READ THE FULL STORY AT FOX BUSINESS
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Mortgage rates higher for third straight week, with 30-year at 6.44%, market survey finds
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Fox Business, National

Mortgage rates higher for third straight week, with 30-year at 6.44%, market survey finds

By Breck Dumas  | Fox Business Mortgage rates continued their upward climb this week, further hindering demand in the housing market amid elevated rates and high home prices. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.44% from last week's reading of 6.32%. The average rate on a 30-year loan was 7.63% a year ago. "The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%," said Sam Khater, Freddie Mac’s chief economist.  READ THE FULL STORY AT FOX BUSINESS
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Mortgage rates surge higher, further hurting demand
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Fox Business, National

Mortgage rates surge higher, further hurting demand

By Breck Dumas  | Fox Business Mortgage rates jumped markedly this week, sending demand down for a second straight week. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage surged to 6.32% from last week's reading of 6.12%. The average rate on a 30-year loan was 7.57% a year ago. "Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April," said Sam Khater, Freddie Mac’s chief economist.  READ THE FULL STORY AT FOX BUSINESS
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