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According to Freddie Mac, the average rate for a 30-year fixed-rate mortgage has fallen to 6.47%, a steep decline from 6.73% a week ago and the 2024 high of 7.22%. Rates on 15-year mortgages fell ...
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 ...
A best-case scenario probably has mortgage rates dipping into the 4% range by the end of 2025. But rates in the 5% range are more likely. Buyers also shouldn't necessarily expect sub-6% mortgage ...
See today's average mortgage rates for a 30-year ... 2025. The fixed rate for a 15-year mortgage is 6.12%, down 4 basis points from last week's average 6.16%. ... 2025. While it's too soon to ...
For much of 2023 and parts of 2024, mortgage rates were above 7%. So if you locked in a mortgage rate of 7.25% and rates fall to 5.9% in 2025, that's a wide enough spread for a refinance to make ...
After dipping as low as 6.2 percent in September 2024, the average 30-year mortgage rate has risen to 7.08 percent as of early January 2025, despite three rate cuts from the Fed since September ...
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