The average long-term mortgage rate rose to 6.16%, mortgage buyer Freddie Mac said Thursday. That’s up slightly from 6.15% last week, when the average rate dropped to its lowest level since October 3, 2024. One year ago, the rate averaged 6.93%.

The housing market faces dual pressure as fewer Americans apply for mortgages while lenders reduce loan programs and increase documentation requirements.

Redfin, a Seattle, Washington-based real estate giant, forecasts average 30-year fixed mortgage rates will remain in the low 6% range for most of 2026. "Mortgage rates will continue their slow slide but remain high relative to the pandemic era," Redfin said last month.

Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) shows the average 30-year fixed-rate mortgage (FRM) fell to 6.15% this week.  “After sta

Mortgage rates saw significant improvements in 2025, but will that continue this month? Here's what to know now.

The Mortgage Bankers Association's seasonally adjusted index reported a 9.7% decline in total mortgage applications despite decreased mortgage rates.

President Donald Trump said Thursday he had ordered “my representatives” to buy $200 billion in mortgage bonds in an attempt to drive down interest rates and monthly payments, writing in a Truth Social post.