Average rate on a 30-year mortgage in the U.S. rises to highest level since July

Alex Veiga

11/21/2024

Mortgage Rates — A FOR SALE sign hangs outside a home in the Brooklyn borough of New York. The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week as it climbed to its highest level since July. /ASSOCIATED PRESS FILE PHOTO PETER MORGAN

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week as it climbed to its highest level since July. The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.29%. Borrowing costs on

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber