Freddie Mac Reports 30-Year Fixed Mortgage Rate at 7.28%
What happened
According to Freddie Mac, the average 30-year fixed mortgage rate recently reached 7.28%. This figure is an increase from 7.03% reported the previous week and 6.34% during the same period a year earlier. Kevin Hassett, director of the National Economic Council, stated that mortgage rates should fall quickly if inflation moves toward 1% or 2%.
From indiatimes.com
Why it matters
The National Economic Council uses Freddie Mac's figures to inform its economic outlook. The reported mortgage rates reflect the current cost of housing finance, which is a key indicator of consumer borrowing and housing market health.
From indiatimes.com
Who's involved
- Freddie MacProvided the average 30-year fixed mortgage rate figures
- National Economic CouncilUses Freddie Mac's figures to inform its economic outlook
- Kashim ShettimaIs a director of the National Economic Council
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Freddie MacSpeculative
Homebuyers might face higher mortgage borrowing costs due to the reported rate increases.
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The entities involved
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National Economic Council
United States federal government body chaired by the president for consideration of economic issues
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Freddie Mac
American government-sponsored enterprise
Related events
- The Associated Press published a report citing data provided by Freddie Mac.
- Mark White discussed mortgage rates that were reported by Freddie Mac on September 2, 2026.
- Fannie Mae and Freddie Mac influence housing market forecasts.
- Both Freddie Mac and the Mortgage Bankers Association are tracking 30-year fixed mortgage rates, informed by housing price index data.
- Federico, CEO of AGNC Investment, highlighted the earnings potential of the company and announced investments in Agency MBS guaranteed by Freddie Mac.