US mortgage rates held steady this week after a months-long rise, according to Freddie Mac. The pause may give homebuyers and owners some breathing room, but the story does not say how long it will last.
01Summary
- 01Freddie Mac said the average 30-year fixed mortgage rate held steady this week.
- 02The pause comes after months of increases in mortgage borrowing costs.
- 03The Hill said the flat reading was a reprieve for the housing market.
- 04The story text is unavailable, so no further figures were provided.
02Why it matters
Mortgage rates affect the cost of buying a home and refinancing an existing loan, so even a pause can matter to borrowers. It may also influence how active the housing market is in the near term.
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