Mortgage rates rise to 6.89%: Freddie Mac

Mortgage rates The third straight week has increased and at 7%, the mortgage recipient Freddie Mac said on Thursday.

Thursday, the last primary mortgage market survey released on Monday 30 years of fixed mortgage 6.89% from the readings of last week to 6.86%. Since February 6, he said the highest level, a 30-year mortgage rate was average 6.89% average.

The average 30-year loan rate was 7.03% a year ago.

Home prices in the United States rose to the fifth month, as buyers competed for the least affordable market deals in decades. (Elijah Noublage / Bloomberg, Getty Images / Getty Images)

“Buyers should not forget to shop around for the best mortgage speed, because they can save thousands of dollars in potentially by earning more than one quotes,” Sam Khater, Freddie Mac’s chief economist.

While the house is in the back of the heirs

The average rate of 15 years of stable mortgages has risen to 6.03% from the reading of last week. A year ago, a 15-year-old stable ratio is average 6.36%.

Freddie MAC’s latest primary mortgage market survey showed that the average of 30 years of fixed mortgage increased by 6.89% to 6.89% last week. (Getty Images / Shen / Xinhua via Getty Images)

According to Realtor.com, these States were MVPS in the housing market

Meanwhile, the relevant Realtors’ Union of Realtors said on Thursday Home sales index, According to the signed contracts, it was reduced to 6.3% to 71.3 last month.

Economists questioned by Reuters fell by 1% with the forecast contracts for sale after one or two months. The waiting house sales decreased by 2.5% per year.

“In this critical stage of the housing market, the mortgage prices are related,” said Nar General Economist Lawrence Wool. “Despite the increase in housing inventory, we do not see higher home sales. Mortgage rates are important to bring home buyers to the apartment market again.”

Reuters contributed to this report.