The department urges all borrowers in the SAVE plan to quickly transition to a legally compliant repayment plan,” Secretary of Education Linda McMahon said in a news release.

Freddie Mac’s rate for a 30-year fixed rate mortgage increased for the first time in six weeks and is now averaging 6.72%.

It will kick back in on Aug. 1 for people in the SAVE repayment program, whose payments have been on hold since last summer.

Disclaimer: This news article is a direct feed from ANI and has not been edited by the News Nation team. The news agency is ...

Your mortgage interest rate depends on a variety of factors, including the type of loan (fixed or adjustable) and the loan term (such as 30 years). Learn more.

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