Mortgage Rates Rise Again

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less mortgage money

Benzinga

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U.S. mortgage rates rose for a fourth consecutive week as housing demand wanes

Summary

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70% Informative

Mortgage rates rose for a fourth consecutive week , climbing as housing demand waned.

Freddie Mac reported that the average rate of a 30-year fixed mortgage hit 6.54% by Oct. 24, 2024 , a peak unseen since August .

The anticipated rate cut by the Fed brought mortgage rates to a low of 6.08% in September , yet this temporary dip failed to ignite the housing market.

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formal

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English

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