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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 ...
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 ...
One year ago, the rate on the 15-year fixed note averaged 5.89%. Read On The Fox Business App Original article source: Mortgage rates kick off 2025 with an increase, nearing 7%
They expect mortgage rates to stay above 6% next year and end 2025 at 6.1%. According to Freddie Mac data, the 30-year fixed-mortgage rate was 6.54% as of October 24, up from a 6.36% four-week ...
Mortgage rates in the news. ... 2025. Housing Forecast: December 2024, Freddie Mac. Accessed December 31, 2024. Economic, Housing and Mortgage Market Outlook – November 2024, Freddie Mac ...
Discover the latest breaking news in the U.S. and around the world ... Mortgage and refinance rates for Jan. 10, 2025: Average rates inch higher ahead of key jobs ...
The typical rate on a 30-year fixed-rate mortgage is now about 0.3 percentage points higher than it was in January 2024, when it stood at about 6.6%, according to Freddie Mac data.
“Looking at the end of this year and into 2025, I foresee mortgage rates staying in the 6% range, likely bouncing between 6% and 7%,” shared Dan Richards, president of Flyhomes Mortgage. “A ...