The Latest Breaking News from Freddie Mac

The average rate on the benchmark 30-year home loan rose for the seventh straight week, making a significant hurdle for prospective homebuyers

First American’s Mark Fleming says mortgage rates could get closer to 8%.

Despite indications of the U.S. economy potentially navigating toward a sought-after soft landing, lingering threats of credit rating downgrades could persevere the market uncertainty moving forward. Against this backdrop, investing in appropriate bond exchange-traded funds (ETFs), such as Vanguard Total Bond Market Index Fund (BND), First Trust Low Duration Opportunities…

Latest mortgage rates data shows a tough landscape for prospective homebuyers – and sellers.

The housing market in the United States is battling its biggest affordability crisis in almost 40 years.

Mortgage buyer Freddie Mac said the average rate on the benchmark 30-year home loan rose to 7.09% — a year ago, the rate averaged 5.13%.

The average long-term U.S. mortgage rate jumped this week to its highest level in 20 years, grim news for would-be homebuyers already facing high home prices caused a lack of supply

The average long-term U.S. mortgage rate rose this week to just under 7%, the latest setback for would-be homebuyers already facing affordability challenges due to a housing market limited by a shortage of homes for sale

The best way to describe the housing market over the past year: bifurcated.