Mortgage demand is mixed, as interest rates hit highest level since May
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.09% from 6.99%. Applications to refinance a home loan were 22% higher than the same week one year ago.
US 30-year mortgage rate tops 7%, highest since May 2024
The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already facing rising house prices and limited supply.
What To Expect For Mortgage Rates In 2025
For now, expectations for interest rate cuts in 2025 are relatively limited. This may limit the potential for lower mortgage rates.
What To Expect in Mortgage Rates and Savings Accounts in 2025
As we step into the new year, with the presidential inauguration on the horizon, many are wondering about the direction of interest rates.
30-Year Mortgage Rates Shoot Up, Hitting Highest Level Since May
Mortgage rates continue to climb, jumping Friday to end the week at a new 7-month high. Rates rose for almost every other new purchase loan type as well.
Mortgage Rates Today: January 13, 2025—Rates Move Up
Today, the mortgage interest rate on a 30-year fixed mortgage is 7.43%, according to Curinos. On a 15-year fixed mortgage, the average rate is 6.61%, and the average rate on a 30-year jumbo mortgage is 7.
Mortgage Rates Reach Seven-Month High
Despite Fed interest rates continuing to decrease through the end of last year, mortgage rates have increased because the Federal Reserve does not directly control mortgage rates,
Today's Mortgage Rates | Sticky Inflation Is Keeping Rates Elevated Near 7%
These are today's mortgage and refinance rates. Mortgage rates are up near 7% thanks to inflation and fears that Trump could ...
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 ...
Mortgage Rates Rise Again, to 6.93%—but Economists Predict Housing Market Conditions Will Improve
The post Mortgage Rates Rise Again, to 6.93%—but Economists Predict Housing Market Conditions Will Improve appeared first on ...
What Mortgage30m
Will mortgage rates fall in 2025 after surprise drop in inflation?
David Hollingworth, associate director at L&C Mortgages said: “The surprise dip in inflation is some positive news for ...
Today's Mortgage Rates | Good News for the Economy is Bad News for Rates
These are today's mortgage and refinance rates. The economy has remained strong in recent months, keeping mortgage rates ...
What factors drive mortgage loan interest rates?
Global economic conditions and geopolitical events can also influence mortgage rates through their impact on the bond market.
'Hard to predict where interest rates might go' as mortgage rate gap shrinks
The gap between the average two and five-year fixed-rate mortgage has shrunk to its narrowest level in two years, experts ...
Mortgage refinances dipped during the holidays. Here’s why keeping your current loan is likely the right move in 2025
Should you refinance your mortgage in 2025? For most American homeowners with a rate lower than 5%, probably not.
Why mortgage rates are still high despite the Fed rate cuts
When the Fed cuts rates, it often leads to lower mortgage rates because borrowing costs drop overall. Unfortunately, though, ...