30-Year Fixed Rate Mortgage Average in the United States
(MORTGAGE30US)Freddie MacHousing & Real EstateWeekly
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About 30-Year Fixed Rate Mortgage Average in the United States
The 30-year fixed mortgage rate directly sets housing affordability. Each 1% rate increase reduces purchasing power by roughly 10%. Above 7% sharply curtails demand — particularly for first-time buyers.
SOURCE: FREDDIE MAC · 0 OBSERVATIONS