Mortgage rate hit their highest level in nearly 6 months
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
Mortgage rates inched up at the start of the year to the highest level in nearly six months, portending another tough year for the U.S. housing market. The 30-year mortgage rate remains at the highest level since July 2024. It averaged 6.91% as of Jan. 2, according to data released by Freddie Mac on Thursday.
In 2024, the path to lower mortgage rates seemed relatively clear-cut: Official inflation would go down, the Federal Reserve ...
These are today's mortgage and refinance rates. Mortgage rates are starting the year elevated, but they're expected to go ...
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January Mortgage Outlook: Rates Trending LowerJanuary is dominated by a change in presidential administrations, which dials up the uncertainty. "When things are more ...
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be ...
After adding points the previous business day, 30-year mortgage rates moved lower, in line with the recent trend. Other loan types saw mixed movement.
If you want to avoid uncertainty and preserve the rate in your mortgage loan offer, get a mortgage interest rate lock. Interest rate locks can offer peace of mind to borrowers, but they are ...
British homeowners were left particularly exposed to rising interest rates after mortgage brokers convinced them to sign shorter-term deals, according to research by the Bank of England.
Even a 1% difference in your mortgage rate can save you hundreds of dollars each month and tens of thousands of dollars over ...
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