US 30 year mortage rate rises to 6.72% from 6.60% last week.

The rate on the 30-year mortgage in the US from Freddie Mac rose to 6.72% in the current week from 6.60% last week. That is still below the high from November which reached 6.84%.

The high for the year was 7.22% reached on May 2, 2024.

In other housing data today, existing home sales rose to 4.15M annualized pace from 3.96M in the prior month. Although a welcome relief from the lows of last month, the sales pace remains more to the lows of the sales trends going back in time.

This article was written by Greg Michalowski at www.forexlive.com.