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Mortgage rates hit 7.4 percent for first time since November 2023

Mortgage rates increased again this week, with the average 30-year rate hitting 7.4 percent for the first time since November 2023, Freddie Mac reported Thursday. The average 30-year mortgage rate rose 12 basis points from last week, when it was 7.28 percent, according to the government-sponsored company.  This rate has risen for seven consecutive weeks…

Corroboration

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Source reliability mix
Partisan-Leaning / Mainstream: 1
AI-generated read — not a verdict

The report adopts a definitive tone, stating figures as objective data points. It explicitly attributes these statistics to a specific, named institutional source, Freddie Mac.

Describes tone and sourcing pattern only — never assesses whether the story is true. See methodology.

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