Mortgage rate hit their highest level in nearly 6 months

US 30-year fixed-rate mortgage flirts with 7%
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary. The average rate on the popular 30-year fixed-rate mortgage increased to 6.
Mortgage rate hit their highest level in nearly six months
The new year has started with rising mortgage rates. Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fixed-rate (FRM) averaged 6.9
Average Rate for 30-Year Mortgage Reaches 6-Month High
The average rate for a 30-year mortgage climbed to 6.91 percent from 6.58 last week, mortgage buyer Freddie Mac said Thursday.
Mortgage rates inch closer to 7% to close out 2024
Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers. The standard, 30-year fixed-rate mortgage averaged just shy of 7% in the final week of 2024 ending on January 2, according to data from mortgage financing giant Freddie Mac.
Mortgage Rates Reach Highest Point Since July
Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist.
Average 30-year rate on US mortgage hits 6.91%, the highest since July
U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac.
Today's Mortgage Rates | Rates Should Go Down This Year as Long as Inflation Slows
These are today's mortgage and refinance rates. Mortgage rates are starting the year elevated, but they're expected to go ...
Hosted on MSN18h
Cut Your Mortgage Rate by 1% Today: Simple Strategies to Save Thousands
Even a 1% difference in your mortgage rate can save you hundreds of dollars each month and tens of thousands of dollars over ...
Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
The average rate on a 15-year fixed-rate mortgage, popular with homeowners seeking to refinance, climbed to 6.13%, up from 6% ...
Forbes1d
Mortgage Rate Lock Guide
If you want to avoid uncertainty and preserve the rate in your mortgage loan offer, get a mortgage interest rate lock. Interest rate locks can offer peace of mind to borrowers, but they are ...
HousingWire4d
The biggest mortgage rate stories of 2024
2024 was a disappointing year for those looking forward to a Fed rate-cut cycle and what that could do to mortgage rates. A ...
CBS News2d
What are today's mortgage and mortgage refinance interest rates?
"For example, in 2020 you could lock in a mortgage rate between 2-3% easily. Nowadays mortgage rates are closer to 6-7%. If the Fed stops raising rates then I'd anticipate mortgage rates to ...
Business Insider1d
Current Mortgage Trends: Are Mortgage Rates Going Down?
However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Last year, mortgage rates were supposed to drop a lot. But in spite of some big drops in the fall of ...
Forbes1d
Compare Today’s Refinance Rates
Meanwhile, the average APR on a 15-year fixed refinance mortgage is 6.04%. This same time last week, the 15-year fixed-rate mortgage APR was 6.19%. The average APR on the 30-year fixed-rate ...
Mortgage Calculator: This Is How Much You Need To Buy a $416,880 Home With a 6.72% Rate
The post Mortgage Calculator: This Is How Much You Need To Buy a $416,880 Home With a 6.72% Rate appeared first on Real ...
Today's Mortgage Rates | Rates Are Supposed to Drop This Year. But It Depends on the Economy.
These are today's mortgage and refinance rates. Mortgage rates remain elevated as investors look ahead to how the economy ...