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Mortgage Rates Rise But Remain Near 2025 Lows

  • November 6th

by UrbanTurf Staff

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Long-term mortgage rates rose this week, but remain near their lowest levels of the year. 

Freddie Mac reported 6.22% as the average on a 30-year mortgage on Thursday, up five points from last week.

“This week the 30-year fixed-rate mortgage averaged 6.22%. On a median-priced home, this could allow a homebuyer to save thousands annually compared to earlier this year, showing that affordability is slowly improving,” said Sam Khater, Freddie Mac’s Chief Economist. 

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: mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/mortgage_rates_rise_but_remain_near_2025_lows/24044.

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