General World News

Mortgage rates reach their 2023 peak

Mortgage rates jumped this week as investors grapple with persistent positive economic data and a hawkish Fed. 

The Freddie Mac’s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 6.81% as of July 6, up significantly from last week’s 6.71%. By contrast, the 30-year was at 5.30% a year ago at this time. 

Other mortgage indexes also show rates rising. 

The 30-year fixed rate for conventional loans was 7.08% at Mortgage News Daily on Thursday morning, up 17 details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com