Today's Mortgage Rates | Rates Are Elevated, and It May Be a While Before They Drop
These are today's mortgage and refinance rates. Mortgage rates went up after last week's Fed meeting, and they may only ease a little bit in 2025.
30-Year Mortgage Rates Hold at Highest Level Since July
After surging to a five-month high before the holiday, 30-year mortgages held steady Thursday. Rate movement was mixed across other loan types.
Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
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 Freddie Mac.
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.
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 increased to 6.85%, the highest since July.
Mortgage rates rise to close out 2024
Mortgage rates rise to close out 2024. Freddie Mac cites an "overwhelming undersupply of homes" for the 6.85% interest rate.
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Mortgage Rate Predictions: Holiday Week Brings Higher Rates
Furthermore, mortgage rates have reached their highest levels in weeks. Following the Federal Reserve's third interest rate ...
Home equity loan vs. mortgage refinance: Which will be better in 2025?
Both have unique features for homeowners now. Here's how to determine which is better for you going into 2025.
Looking to refinance your FHA mortgage? Make it easier and cheaper with a streamline refinance.
If you have an FHA, VA, or USDA home loan, a streamline refinance mortgage could lower your fees and get it done faster.
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