Overview

• Average 30-year purchase mortgage rates rose slightly to 6.90%, maintaining proximity to a three-week low after recent declines.
• Refinance rates for 30-year mortgages increased marginally to 7.05%, continuing a two-day upward trend.
• State-level disparities persist, with purchase rates ranging from 6.68% to 7.02% depending on regional market conditions and lender competition.
• Freddie Mac's latest weekly survey reported a national average 30-year mortgage rate of 6.81%, slightly below recent daily averages.
• Key drivers of mortgage rate movements include 10-year Treasury yields, Federal Reserve policy decisions, and lender market dynamics.