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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. 15-year mortgage rates jumped to 6.13% from 6% a week ...
When I decided to become a homeowner (the end of 2021), the average rate for a 30-year fixed mortgage was 3.11%. And when I actually found a house to buy and formally applied for a mortgage (early ...
The average rate for a 30-year mortgage loan rose to 6.69% from 6.60% a week prior, according to Freddie Mac on Thursday. Mortgage costs have retreated more than 110 basis points over the last ...
The Fed's recent 0.50% rate cut might not move the needle much for mortgage rates. The national average 30-year fixed-rate mortgage had already decreased by 1.13% since May 2, 2024.
Why mortgage rates are likely to drop. The Federal Reserve raised its benchmark interest rate (the federal funds rate) several times in 2022 and 2023 in an effort to cool inflation. Now that it's ...
Mortgage rates are still inching higher on most loan terms again today. 30-year-fixed mortgages are nearly 5 basis points above where they were last week, landing at 7.34% today. 15-year fixed ...
There are drops for 30-year mortgage terms again today. Both purchase and refinance rates with a 30-year fixed term dropped to 7.21%. That is 15 basis points lower than this time last week for a ...
It was a shortlived dip to end last week as we seem more loan terms tick up for mortgage rates today. 30-year fixed rates are up to 7.37% which is up from where they ended last week, as are 15 ...