Rates, Mortgage

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.
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
30-Year Mortgage Rates Shoot Up, Hitting Highest Level Since May
Mortgage rates continue to climb, jumping Friday to end the week at a new 7-month high. Rates rose for almost every other new purchase loan type as well.
Mortgage Rates Top 7% for First Time Since Mid-2024
Higher rates are dimming hopes for a recovery in the sluggish housing market.
Average mortgage rate reaches 7% for first time since May
The average 30-year fixed rate rose to 7.04% for the week ending Thursday, according to mortgage giant Freddie Mac. The average has now climbed for five straight weeks, and this week marks the first time since May the it has climbed above 7%. Last week, the average was 6.93%. Three years ago at this time, the average stood at 3.45%.
The Income Needed in Each State To Afford a Starter Home at a 7% Mortgage Rate
Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the typical starter home is $70,164,
Mortgage Demand Surges YoY Despite Higher Rates
Mortgage demand has started stronger this year compared to last, despite higher interest rates. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume was 7% higher last week than one year ago.
Inflation heats up, and mortgage rates push farther past 7%
Mortgage rates climbed this week, with the 30-year fixed rate averaging 7.19 percent, according to Bankrate’s latest lender survey. Since the Federal Reserve began cutting interest rates in September,
Rate on 30-year mortgage slips past 7%. Here’s what that does to your buying power.
The elevated mortgage rates have discouraged home shoppers, prolonging a national home sales slump that began in 2022.
Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight ...
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 ...
Reuters10d
US 30-year fixed-rate mortgage rate hovers just under 7%
WASHINGTON, Jan 9 (Reuters) - U.S. mortgage rates increased to a fresh six-month high this week, a trend that together ...
Business Insider12d
Understanding Current 30-Year Mortgage Rates: A Comprehensive Guide
What are 30-year mortgage rates? The 30-year fixed-rate mortgage is by far the most popular type of home loan. Because the terms on these mortgages are so long, borrowers who get a ...
Forbes2d
Current 15-Year Mortgage Rates
Are 15-Year Mortgage Rates Lower Than 30-Year Mortgage Rates? The interest rate for a 15-year fixed rate mortgage is typically lower than 30-year fixed rates, for a few ...
Mortgage Rates Rise Again, to 6.93%—but Economists Predict Housing Market Conditions Will Improve
The post Mortgage Rates Rise Again, to 6.93%—but Economists Predict Housing Market Conditions Will Improve appeared first on ...
Mortgages Rates See Large Two-Day Drop
After recently shooting up to the most expensive level since May, 30-year mortgage rates have fallen considerably the last two days. Most other loan types also saw declines.