US Mortgage Rates Rebound to 6.65%

2025-03-13 16:13 By Felipe Alarcon 1 min. read

The average rate on a 30-year fixed mortgage backed by Freddie Mac rebounded to 6.65% on March 13, breaking a seven-week streak of easing and rising from the lowest levels seen since early December.

“Despite volatility in the markets, the 30-year fixed-rate mortgage remained essentially flat from last week.

Mortgage rates continue to be relatively low versus the last few months, and homebuyers have responded.

Purchase applications are up 5% as compared to a year ago.

The combination of modestly lower mortgage rates and improving inventory is a positive sign for homebuyers in this critical spring homebuying season.,” said Sam Khater, Freddie Mac’s Chief Economist.



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