30-Year Fixed Mortgage Rate Averages 6.95%
The average 30-year fixed-rate mortgage reached 6.95% this week, according to Freddie Mac's latest survey. This figure marks a specific point in the ongoing mortgage rate trends.
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Why it matters locally: Florida's housing market, known for its high demand and often rising prices, will feel the effects of continued elevated mortgage rates, potentially impacting affordability for many residents and slowing down new construction projects.
MCLEAN, Va. — The average interest rate for a 30-year fixed-rate mortgage registered 6.95% this week, Freddie Mac announced Wednesday. The government-sponsored enterprise released these findings as part of its Primary Mortgage Market Survey (PMMS). Freddie Mac compiles the PMMS data from a weekly survey of lenders across the country. The survey collects information on mortgage rates and points for various loan types.Related Topics
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