Estimated reading time: 0 minutes, 22 seconds

Mortgage Rates Rise to 10-Week High of 6.57%

U.S. long-term mortgage rates have climbed to their highest level since mid-March. So reports ABC News.

arrow 2790272 640According to Freddie Mac, the benchmark 30-year fixed-rate mortgage averaged 6.57% in the week ending May 25, up from 6.39% the week before and 5.10% a year earlier.

Sam Khater, Freddie Mac’s chief economist, said that the U.S. economy’s ongoing toughness and lingering debt ceiling concerns combined to drive rates higher.

Read the full article from ABC News

Read 44 times
Rate this item
(0 votes)


PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.