The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight weeks.
The rate rose to 6.44% from 6.32% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.63%.
The last time the average rate was higher was on August 22, when it was 6.46%.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also increased this week. The average rate rose to 5.63% from 5.41% last week.
DEIR AL-BALAH, Gaza Strip — Israel’s foreign minister has confirmed that Israeli troops in Gaza have killed Hamas’ top leader Yahya Sinwar, a chief architect of last year's October 7th massacre of more than 1200 Israeli men, women and children.
October 17, 2024
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