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Mortgage Rates Hold At 6%

  • March 5th

by UrbanTurf Staff

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Mortgage rates chart 03-05-26.png

Long-term mortgage rates ticked up this week, but remain at their lowest level in years. 

Freddie Mac reported 6% as the average on a 30-year mortgage on Thursday, up two basis points from last week. 

“Mortgage rates held steady at 6% this week, hovering near their lowest level since 2022,” said Sam Khater, Freddie Mac’s Chief Economist. “In fact, rates are down nearly a full percentage point from this time in 2024, spurring activity from buyers, sellers and owners. As a result, refinance activity is up, and purchase applications are ahead of last year’s pace.”

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: interest rates, mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_rates_hold_at_6/24388.

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