TREE NEWS reports: Freddie Mac said the US 30-year fixed mortgage rate rose to 7.4% last week, up from 7.28% a week earlier — a seventh consecutive weekly increase and the highest level since at least November 2023. The benchmark home-loan rate has now climbed for seven straight weeks.
Freddie Mac: US 30-Year Mortgage Rate Hits 7.4%, Seventh Straight Weekly Rise
AI take
The seventh straight weekly rise matters less as a level than as a signal: the climb is uninterrupted, and Freddie Mac places it at its highest since at least November 2023. That keeps borrowing costs elevated for anyone currently in the housing market, and it is the persistence, not the single print, that shapes expectations. Whether the streak extends to an eighth week is the open question, and it is the one that will frame how the mortgage market reads the coming data.
Generated by AI for reference only.
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