Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year

The mean complaint connected a 30-year owe successful the U.S. held dependable this week, not acold from its highest levels this year, but beneath wherever it was a twelvemonth ago.

The complaint stood astatine 6.76% for the 2nd week successful a row, owe purchaser Freddie Mac said Thursday. A twelvemonth ago, the complaint averaged 7.09%.

Borrowing costs connected 15-year fixed-rate mortgages, fashionable with homeowners refinancing their location loans, eased. The mean complaint dropped to 5.89% from 5.92% past week. It’s down from 6.38% a twelvemonth ago, Freddie Mac said.

Mortgage rates are influenced by respective factors, including planetary request for U.S. Treasurys, the Federal Reserve’s involvement complaint argumentation decisions and enslaved marketplace investors’ expectations astir the system and inflation.

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