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The average 30-year fixed-rate mortgage was 3.28 percent when the Fed officially signaled in its December 2021 dot plot that it planned to raise interest rates in the upcoming year.
Average mortgage rates remain stable as of Thursday, July 25, 2024, a welcome calming after spikes and volatility earlier in the month that pushed 30-year fixed rates above 7.00%.
The average rate for shorter 15-year terms is 6.14% for purchase and 6.17% for refinance, down 19 basis points from 6.33% for purchase and down 13 basis points from 6.30% for refinance this time ...
30-year fixed-rate mortgage: 5.75%. Change: -1.15 percentage point. Highest since 2009. Mortgage rates ended 2023 with a cooldown almost as fast as the surge.
Mortgage giant Fannie Mae likewise raised its outlook, now expecting 30-year mortgage rates to be at 6.4 percent by the end of 2024, compared to an earlier forecast of 5.8 percent.
July 23, 2024 at 7:58 PM. Feverpitched / Getty Images/iStockphoto. After more than two years of steady declines, rates for 30-year fixed-rate mortgage loans reached a record low of 2.7% at the end ...
For example, in Bankrate’s survey of lenders, as of early July 2024, a 10/1 ARM is averaging an 8.02 percent APR — compared to 7.11 percent for the average 30-year fixed-rate mortgage.If you ...
10-year fixed rate — 6.26%. 5/1 adjustable rate ... a sharper increase in wholesale prices — or the prices manufacturers pay to producers of goods and services — than forecast for June. The ...