Mortgage rates spiked this week, mortgage buyer Freddie Mac said Thursday, as President Donald Trump's tariffs led to instability in the bond market. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage increased to 6.83% from last week's reading of 6.62%. The average rate on a 30-year loan was 7.1% a year ago. "The 30-year fixed-rate mortgage ticked up but remains below the 7% threshold for the thirteenth consecutive week," said Sam Khater, Freddie Mac’s Chief Economist. "At this...
Mortgage rates jump as tariffs hit markets; biggest spike in nearly a year
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Join Living Room Conversations, our civil dialogue partner, and America Indivisible for a nationwide conversation on April 13, Thomas Jefferson’s 276th birthday. "Reckoning with Jefferson: A Nationwide Conversation on Race, Religion, and the America We Want to Be" will be held via in-person and online video discussions. Sign up today!
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