Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?
The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.
Mortgage Rates Today: January 17, 2025—Rates Remain Fairly Steady
The current mortgage rate on a 30-year fixed mortgage fell by 0.02 percentage point in the last week to 7.35%, according to Curinos. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.03 percentage point during the same period to 6.
Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
Will Mortgage Rates and Home Prices Finally Fall This Year? Some People Think Yes
Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home prices drop. But how likely is that to really happen?
Mortgage rates rise above 7% for first time since May
Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time since May as the housing market continues to struggle.
What the new inflation report means for mortgage rates
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of January 15, 2025, the average 30-year fixed-rate mortgage stands at 7.01%, reflecting a slight increase from earlier this year — and from the rates we saw in late 2024.
Mortgage rates have climbed above 7%. Here's how we got here and what it means
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability challenges many Americans are facing.
Mortgage Rates Surpass 7 Percent Mark
Mortgage rates, or interest rates on home loans, increased for a fifth consecutive week and breached the 7 percent mark, according to
Mortgage rates climb above 7% for the first time in 8 months
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.
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