Mortgage rates top 7%, adding $268 a month for the same median-priced home
Mortgage rates rose to 7.40% from 6.16% after President Trump said he was instructing Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, increasing monthly payments on a median-priced home by $268.
Mortgage rates have climbed to 7.40% from 6.16% since President Donald Trump said in January he was instructing Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. That rise increases the monthly payment on the same median-priced home by about $268.