Mortgage rates aren't likely to fall any time soon — here’s why
Mortgage rates have more than doubled from recent lows in 2021. They're not poised to fall much any time soon, economists said.
U.S. mortgage rates rise, surpass key milestone in 2025
U.S. mortgage rates rose for consecutive weeks in January of 2025. That's the word from Freddie Mac, which released its latest data. Freddie Mac reports the 30-year fixed mortgage rate averaged 7.04% for the week ending Jan. 16 — up from 6.93% last week. A year ago, mortgage rates averaged 6.60%.
Mortgage Rates Surge Back Above 7% After Strong Jobs Report
“Mortgage rates ticked up for the fifth consecutive week and crossed 7% for the first time since May of 2024,” says Sam Khater, Freddie Mac’s chief economist. “The underlying strength of the economy is contributing to this increase in rates."
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.
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.
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
Mortgage rates rise past a key mark, signaling bad news for home buyers
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.
Mortgage rates break through 7% ceiling, Freddie Mac said
The 30-year fixed rate mortgage topped 7% for the first time since last May, although late in the week, the 10-year Treasury peaked before reversing course.
Mortgage Rates Hold at Highest Level Since May
After climbing to their most expensive level in more than seven months, 30-year mortgage rates held steady Tuesday. Rate movement was mixed for other loan types.
Drop in 30-Year Mortgage Rates Extends to a Third Day
After recently shooting up to the most expensive level since May, rates on 30-year loans have fallen considerably the last ...
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2025 begins with mortgage rates rising again. What the latest Freddie Mac report tells us
High mortgage interest rates have challenged home buyers in recent years, but 2024 at times brought modest rate declines that whittled the benchmark 30-year rate to 6.09% in late September.
U.S. mortgage rates rise again in 2025
U.S. mortgage rates rose again this week as 2025 starts. That's the word from Freddie Mac, which released its latest data.