Jan. 23, 2025 – Rates Move Down

Mortgage Rates Today: January 23, 2025 – Rates Move Down
The current mortgage rate on a 30-year fixed mortgage fell by 0.14 percentage point in the last week to 6.97%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.
Today's Mortgage Rates | Is This the New Normal for Mortgage Rates?
These are today's mortgage and refinance rates. Mortgage rates have been elevated recently, and they might not drop much this year.
Will mortgage rates fall below 6% in 2025? What experts say
"While I'd love to say rates will drop below 6% in 2025, I think it's a moderate probability and not a certainty," says Steven Parangi, a licensed mortgage loan originator and owner of Alpine Mortgage Services. His view aligns with the Mortgage Bankers Association's prediction that rates will stay between 6% and 7% throughout the year.
Should I Lock My Mortgage Rate Today?
The timing of your rate lock could save or cost you thousands of dollars. If you're in a bidding war or hoping to close quickly, you probably want to lock the rate.
Today's Mortgage Rates | Trump Tariffs Could Keep Rates Elevated
These are today's mortgage and refinance rates. Mortgage rates have been holding steady, and they might not drop as much as expected this year.
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
Here’s why mortgage rates likely won’t fall anytime soon
Mortgage rates have risen to over 7%, despite the Federal Reserve cutting interest rates, making the housing market challenging, CNBC reports. Rates for a 30-year fixed mortgage were below 3% in 2021 but have jumped due to rising U.
Mortgage Rates Fall to Lowest Level of the New Year
After recently shooting up to their highest level since May, rates on 30-year mortgages have moved the other way—falling four days in a row. Most other loan rates also dropped.
Today's Mortgage Rates | Rates May Not Drop Much in the Next Two Years, Fannie Mae Says
These are today's mortgage and refinance rates. Mortgage rates may not fall as much as initially expected this year thanks to ...
Why mortgage rates are still high despite the Fed rate cuts
As mentioned, mortgage rates haven't fallen in line with the Fed's rate cuts because they depend on factors beyond the agency ...
Trump tells Davos ‘America is open for business’ with plan for interest rate and tax cuts
WASHINGTON — President Trump said Thursday that he wants interest rates to “drop immediately” — saying he plans to “demand” reductions alongside an anticipated dip in global oil prices.
Today's Mortgage Rates | Rates Hold Steady Around 6.70%
These are today's mortgage and refinance rates. Mortgage rates remain elevated, and they might not drop much this year unless ...
Here’s how the Secured Overnight Financing Rate works and why it might matter for your mortgage
SOFR is a benchmark rate which certain variable rate financial products, for example certain mortgages, can be tied to.