Mortgage

The economy added 187,000 jobs in July, marking a slowdown from last month, according to data from the Bureau of Labor Statistics (BLS). The gain was also less than the average monthly increase of 312,000 jobs over the last 12 months. Job gains were partially driven by healthcare, social assistance,…

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Mortgage rates rose again this week, bad news for Americans seeking to upgrade or buy their first home. The average rate on the 30-year fixed mortgage ticked up to 6.90% this week, up from 6.81% a week ago, according to data released Thursday by mortgage buyer Freddie Mac. A year…

The average 30-year fixed-rate mortgage rate increased to 6.81% for the week ending July 27, 2023, up from 6.78% last week, according to the latest data by Freddie Mac. At the same time, the average 15-year fixed-rate mortgage jumped to 6.11%, up from 6.06% last week.  The data followed the…

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