Mortgage Rates Inch Up to Nearly 7%—the Highest in 6 Months Even as Pending Home Sales Rise
The post Mortgage Rates Inch Up to Nearly 7%—the Highest in 6 Months Even as Pending Home Sales Rise appeared first on Real Estate News & Insights | realtor.com®.
Mortgage Rates Hit Six-Month High
According to Freddie Mac’s Primary Mortgage Market Survey (PMMS ®), as of January 2, 2025, mortgage rates have surged to their highest point in nearly six months, with the 30-year fixed-rate mortgage (FRM) averaging 6.
Mortgage Rates Soar Near 7%: What This Means for the Housing Market in 2025
Affordability hits a wall as rates climb--investors need a new strategy for navigating this challenging market
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.
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.
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.
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.
Today's Mortgage Rates | When Will Affordability Improve?
These are today's mortgage and refinance rates. Mortgage rates should ease this year, but they might not fall enough to ...
CNET on MSN1d
Mortgage Rate Forecast for 2025: Will Lower Rates Make a Comeback?
Since 2020, home prices have increased more than 40%. And while home price growth has since slowed, it's still up 5.1% on an ...
NerdWallet on MSN2d
January Mortgage Outlook: Rates Trending Lower
January is dominated by a change in presidential administrations, which dials up the uncertainty. "When things are more ...
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 ...
CNET on MSN14h
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 ...
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 ...
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 ...
Home Price Growth Slows Again as Mortgage Rates Weigh On the Market
Home price growth continues to slow in the U.S., as high mortgage rates and persistent affordability challenges weigh on the ...
What to expect in mortgage rates, car loans and savings accounts in 2025
The Federal Reserve has been cutting its benchmark rate in response to falling inflation, but stubbornly high prices for ...
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 ...