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Mortgage rates tick higher for 1st time in weeks
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Mortgage delinquencies surged in May 2025 amid high home prices, rising student debt, and affordability challenges.
The average rate on the 30-year fixed mortgage rose this week to 6.72%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.67%.
Mortgage rates could still trend down in the coming months, but it's unlikely they'll get low enough for the majority of homeowners to consider refinancing.
July, with the average 30-year fixed rate standing at 6.625% as of July 9, 2025, according to Zillow Home Loans. Buyers ...
With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a ...
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