30-year fixed mortgage rate hits 6.93%: Freddie Mac

Thu, Jan 9, 2025, 1:40 PM

New Freddie Mac data revealed an uptick in mortgage rates for the week ending January 9th. Borrowing costs edged higher, with the benchmark 30-year fixed mortgage rate reaching 6.93%, accompanied by a climb in the 15-year fixed rate to 6.14%.

Yahoo Finance Senior Reporter Claire Boston analyzes these rate movements and explores their potential ripple effects across the 2025 housing market landscape.

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This post was written by Angel Smith