The government’s report on December home sales is due out later this month.
It was at 5.87% a year ago, Freddie Mac said.
The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, specifically the yield on the 10-year Treasury.
While sales of previously occupied US homes rose in November for the second straight month, the housing market remains in a slump and on track for its worst year since 1995.
The average long-term US mortgage rate ticked up again this week, remaining at its highest level since July.
The increase is occurring with the price of homes rising steadily.
No. 3 Boise State vs. No. 6 Penn State - Tuesday, Dec. 31, 7:30 pm…
DIY INVESTING PLATFORMSAJ BellAJ BellEasy investing and ready-made portfoliosLearn MoreLearn MoreHargreaves LansdownHargreaves LansdownFree fund dealing…
“The entire NBA family sends its thoughts and support to the community of Los Angeles…
The owners of a run-down and long-vacant hotel dubbed the “black hole of Times Square”…
A Victoria Police spokeswoman said a 17-year-old boy was issued a caution in relation to…
Grandparents in ‘sheer panic’ after income is ‘ripped’ away due to Social Security’s $84,000 overpayment…