Why mortgage rates remain so high—and what to expect in 2025
Mortgage costs stayed stubbornly high in 2024, with 30-year fixed rates holding well above 6% for most of the year. Unfortunately for buyers, 2025 isn't looking much better. The Federal Reserve has been cutting interest rates,
30-Year Mortgage Rates Tick Down From Nearly 6-Month High
After a recent surge to their most expensive level since early July, 30-year mortgages ticked down Friday. Rates for most other loans were down or flat.
Today's Mortgage Rates | Rates Are Ending the Year Higher Than They Started
These are today's mortgage and refinance rates. Mortgage rates dropped in the fall, but they've trended back up over the last few months.
U.S. mortgage rates jolt up before New Year
U.S. mortgage rates jumped again this week as the New Year beckons. That's the word from Freddie Mac, which released its latest data. Freddie Mac reports the 30-year fixed mortgage rate averaged 6.85% for the week ending Dec.
Mortgage Refinance Rates Tick Down From Recent 5-Month High
The 30-year mortgage refinance rate average retreated from its recent high but remains elevated. Many other refi loan types subtracted points as well, while a few were flat.
Today's Mortgage Rates | Rates May Not Drop As Much As Expected Next Year
These are today's mortgage and refinance rates. Mortgage rates remain elevated and they may not drop as much as expected next year.
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Refinance activity is up 27%, but higher mortgage rates have pumped the brakes
CoreLogic data illustrates the limited potential for refinances as about 80% of current U.S. mortgage holders have rates ...
Mortgage Rates Rise to 6.85% After Fed Projected Fewer Cuts in 2025
The post Mortgage Rates Rise to 6.85% After Fed Projected Fewer Cuts in 2025 appeared first on Real Estate News & Insights | ...
Mortgage rates end 2024 on a high note – unfortunately for the housing market
In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The ...
Mortgage rates surge to 6.85%, highest since July
Despite an interest rate cut in early December, mortgage rates continue to rise. The average rate for a 30-year mortgage just ...
Next Week in Business: jobless claims, mortgage rates and Wall Street's first trading day of 2025
The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday. The number of Americans applying ...
The Fed is lowering interest rates. So why are mortgage rates going up?
The central bank has cut its benchmark interest rate three times in 2024, but mortgage rates haven't followed suit. In fact, ...
Average mortgage rates close 2024 at the highest since July
The housing market will end the year with its highest 30-year mortgage rate since July at 6.85%, according to data from ...
Mortgage Rates Are Ending the Year Higher. Why That’s Not All Bad News for Home Buyers.
Mortgage rates are ending 2024 higher than they began. It’s not all bad news for home buyers next year.Freddie Mac’s final ...