30-Year Fixed-Rate Mortgage Stands at 6.83% Despite Fed Cuts
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最新报道：The average rate for a 30-year fixed mortgage in the U.S. has risen to 6.83%, marking the highest level since November 2023, as strong economic data reduces expectations of imminent Federal Reserve rate cuts. Freddie Mac reported the increase from last week's 6.77%, noting persistent inflation pressures despite recent moderation. Analysts suggest the Fed may delay rate reductions until later in 2024, with markets now pricing in fewer than three cuts this year compared to earlier projections of six. Housing affordability continues to challenge buyers, with mortgage rates nearly double pandemic-era lows of 3%.
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