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 for the U.S. housing market. The 30-year mortgage rate remains at the highest level since July 2024.
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
January Mortgage Outlook: Rates Trending Lower
January is dominated by a change in presidential administrations, which dials up the uncertainty. "When things are more uncertain, rates tend to be more volatile," says Chen Zhao, head of economic research for real estate brokerage Redfin.
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 types saw mixed movement.
US Mortgage Rates Approach 7% in Ominous Sign for Housing Market
US mortgage rates climbed closer to 7%, threatening to squeeze buyers trying to crack into the housing market.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe average on a 30-year mortgage rose to 6.
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 could trend this year.
30-Year Mortgage Rates Bounce Down Again After 1-Day Hike
After adding points the previous business day, 30-year mortgage rates moved lower, in line with the recent trend. Other loan types saw mixed movement.
Mortgage Rates Tick Up, Nearing 6-Month High
After dipping for two days, 30-year mortgage rates edged higher, again nearing their highest level since early July. Rate ...
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 ...
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 rise to highest point in nearly 6 months
The mortgage rate in crease is occurring with the price of homes increasing steadily and pending property deals on the rise.
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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 ...
Pending Home Sales Rise for Fourth Straight Month as Buyers Adapt to Higher Mortgage Rates
Signed contracts for existing homes increased 2.2% last month from October, in the fourth straight month of gains, the ...
Where are mortgage, CD and credit card rates heading in 2025?
The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in ...
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 ...