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.
Today's Mortgage Rates | Mortgage Rates May Rise Under Trump
These are today's mortgage and refinance rates. Mortgage rates are expected to go down with inflation. But Trump could push inflation higher.
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."
Will mortgage rates fall below 6% in 2025? What experts say
"While I'd love to say rates will drop below 6% in 2025, I think it's a moderate probability and not a certainty," says Steven Parangi, a licensed mortgage loan originator and owner of Alpine Mortgage Services. His view aligns with the Mortgage Bankers Association's prediction that rates will stay between 6% and 7% throughout the year.
Today's Mortgage Rates | Rates Are Down For Now
These are today's mortgage and refinance rates. Mortgage rates have eased thanks to cooler inflation data, but it's unclear if they'll drop further.
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 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 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.
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines.
U.S. Mortgage Rates Climb Above 7%, Highest Since May
The dream of homeownership is slipping further away for many Americans as mortgage rates continue to climb, with the 30-year fixed mortgage rate now exceeding 7%, as reported by Freddie Mac. This marks the highest point since last May and the fifth consecutive increase,
Here’s how the Secured Overnight Financing Rate works and why it might matter for your mortgage
SOFR is a benchmark rate which certain variable rate financial products, for example certain mortgages, can be tied to.
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
ANZ follows rivals, cutting mortgage and savings rates by up to 25 basis points
ANZ is trimming its mortgage rates to match more attractive rates offered by some of its competitors. The country’s biggest ...
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Mortgage Predictions: What the Jan. 20 Presidential Inauguration Could Mean for Rates
On a normal day, it's nearly impossible to predict which way mortgage rates will go. Now, with so much uncertainty in ...