The U.S. 30-year mortgage rate is averaging at 7.18%, Freddie Mac said in its latest weekly survey on Thursday.
The 30-year fixed-rate mortgage averaged 7.18% as of September 14, according to data released by Freddie Mac FMCC, -4.55% on Thursday.
Freddie Mac’s weekly report on mortgage rates is based on thousands of applications received from lenders across the country that are submitted to Freddie Mac when a borrower applies for a mortgage. What Freddie Mac said: “The reacceleration of inflation and strength in the economy is keeping mortgage rates elevated,” Sam Khater, chief economist at Freddie Mac, said in a statement. “However, potential homebuyers can still benefit during these times of high mortgage rates by shopping around for the best rate quote.”
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