High liquidity is fueling booming market: Ryan Payne
Payne Capital Management President Ryan Payne joins 'Mornings with Maria' to discuss the surge of private equity in sports. Billionaires like Jeff Bezos and Bob Iger are investing billions as professional sports team valuations skyrocket.
Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said Thursday.
Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.65% from last week's reading of 6.67%.
The average rate on a 30-year loan was 6.58% a year ago.
SLOWING LABOR MARKET CREATES NEW HURDLE FOR FIRST-TIME HOMEBUYERS FACING AFFORDABILITY SQUEEZE
A real estate agent sets up for an open house in Rancho Cucamonga, California, on May 9, 2026. (Kyle Grillot/Bloomberg via Getty Images)
The average rate on a 15-year fixed mortgage fell to 5.95% from last week's reading of 5.96%.
Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are not directly affected by the Fed's interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 4.7% as of Thursday afternoon.
