Mortgage rates kick off 2025 with an increase, nearing 7%
Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising to just under 7% as the housing market remains stalled.
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
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 01/02/2025 MCLEAN, Va., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®),
US Mortgage Rates Rise to Highest Since Early July, Suppressing Demand
US mortgage rates climbed to an almost six-month high during the Christmas holiday week, suppressing applications for home purchases and severely undercutting refinancing activity.
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% and also the highest since July. It was at 5.89% a year ago.
Mortgage rates start 2025 near 7%, hitting highest level since July
Mortgage rates rose again last week, leaving them near 7% to start the year. The average 30-year fixed-rate mortgage rose to 6.91% in the week through Wednesday, from 6.85% as of Dec. 26, according to Freddie Mac data.
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
Mortgage rates inched up at the start of the year to the highest level in nearly six months, portending another tough year ...
Today's Mortgage Rates | Where Will Rates Go This Year? Ask Trump.
These are today's mortgage and refinance rates. Mortgage rates are expected to ease this year, but that hinges on inflation ...
30-Year Mortgage Rates March Downward for a Second Day
After surging to their highest level in nearly six months last week, 30-year mortgage rates declined. Most other loan types ...
The Fed Is Cutting - Why Are Mortgage Rates Going Up?
Powell is admitting that inflation is still too high, but the Fed still plans to cut interest rates by .25%. So why are ...
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 Refinance Rates Trend Down but Remain Elevated
The 30-year mortgage refi rate average ticked down for a third day but remained higher than recent averages. Other refi loan ...
Mortgage rates slashed by major lenders kicking off 'mini New Year rates war'
Leeds Building Society and Halifax have announced mortgage rate cuts on several of its products and experts believe more ...
Today's Mortgage Rates | Why Rates Didn't Drop as Much as Expected This Year
These are today's mortgage and refinance rates. Mortgage rates were supposed to dip below 6% this year. Instead, they're up ...