Average US rate on a 30-year mortgage edges higher, ending a seven-week slide

The average mortgage price increased for 30 years in the United States this week, as it ended a seven -week segment that helped reduce borrowing costs for home shoppers leading to the spring season.

Freddy Mac Freddy Mac said on Thursday that the rate was 6.65 % this week, an increase of 6.63 % last week. A year ago, an average of 6.74 %.

The costs of borrowing on fixed real estate mortgages for 15 years, which are popular in homeowners who seek to re -financing their home loan at a lower price, has been marked this week. The average rate increased to 5.8 % from 5.79 % last week. A year ago, an average of 6.16 %, said Freddy Mac.

Mortgage rates are affected by several factors, including how the bond market interacts with the Federal Reserve policy policy decisions.

After climbing to a little more than 7 % in mid -January, the average mortgage rate decreased for 30 years until last week, echoing the movements in the treasury return for 10 years, which the lenders use as a guide to pricing household loans. So far, the decline in prices has not improved the ability to afford the costs of many potential home buyers, while maintaining the housing market in a decrease in sales.