Mortgage Rates Spiked This Week—Here’s What Homebuyers Need to Know
- Neil Caron
- 4 days ago
- 1 min read
If you’ve seen headlines claiming mortgage rates have dropped, don’t be fooled—those reports are based on outdated data.
While Freddie Mac’s weekly survey shows a slight dip in the average 30-year fixed mortgage rate (6.62% down from 6.64%), it doesn't reflect the reality of today’s market. That survey averages rates from last Thursday through Wednesday, missing the significant rate increases over the past few days.
📈 Real-time mortgage rate updates show a sharp climb—most lenders are quoting rates that are 0.30% to 0.35% higher than just one week ago. That’s a noticeable difference for any homebuyer or homeowner considering a refinance.
🐷 RSL Piggy Points:
The average 30-year fixed rate is now significantly higher than last week’s reported average.
Freddie Mac's data lags behind real-time rate changes.
Many media outlets are misreporting the current mortgage rate trend based on outdated info.
RSL Perspective
“Homebuyers need up-to-date, accurate information to make smart decisions,” says Neil Caron, Area Manager at CMG Mortgage. “At ReadySetLoan, we’re constantly monitoring rate trends—not just last week’s numbers, but what’s happening today. That’s what helps our clients stay competitive in a fast-moving market.”
✅ What You Can Do Right Now:
Talk to a mortgage expert to understand today’s real rates.
Compare quotes from multiple lenders using updated data.
Stay informed with resources like ReadySetLoan, your trusted guide in all things home financing.
Rates are moving fast—don’t base your decisions on last week’s news.
For real-time insight and guidance tailored to you, visit ReadySetLoan today.
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