Mortgage rates were expected to fall, but they’re surging. There’s a reason for that.
Most economists were expecting mortgage rates to fall over the course of the coming year. But rates have risen steadily over the last month, inching back up to 7% — and they’re expected to move even higher in the coming weeks.
US 30-Year Mortgage Rate Just Shy of 7% Bridles Home Purchases
US mortgage rates edged up to just shy of 7% at the turn of year and a gauge of home-purchase applications tumbled to the lowest level since February, adding to evidence of a struggling housing market.
The ‘Hidden Force’ That Can Bring Mortgage Rates Down
Mortgage rates have been moving against home buyers in recent weeks. But there is a sliver of hope on the horizon. Freddie Mac’s benchmark national average 30-year, fixed-rate mortgage is nearing 7% once again,
How to Get a Mortgage Rate Under 5% as Costs Surge
The average rate for a 30-year mortgage hit a six-month high last week, but homebuyers still have options for securing a lower rate.
Mortgage Rates Holding Below Notable Threshold
Since rates vary widely across lenders, it's always smart to shop around for your best mortgage rate and compare rates regularly, no matter the type of home loan you seek. Rates on 30-year new purchase mortgages marched in place Tuesday,
Mortgage rates are still rising — here’s what it means for 2025
Mortgage rates have steadily increased over the past three months, a frustrating development for home buyers trying to enter the housing market. When the Fed began cutting interest rates in September 2024,
Here’s where mortgage rates could be headed in 2025
By the end of 2025, Chief Financial Analyst Greg McBride also predicts that the average 30-year fixed-rate mortgage will fall 0.5% from its year-end 2024 level. Egg prices are soa
30-Year Mortgage Rates Inch Higher Again
Rates on new 30-year loans have been wavering below a recent 6-month high—but are now creeping back up to approach it again. Several other loan types also edged higher.
Home Builders Stocks Get Hit Hard as Mortgage Rates Climb. The Strong Jobs Report Won’t Help.
The iShares U.S. Home Construction exchange-traded fund, which has big positions in builders D.R. Horton, Lennar, NVR, and ...
5 ways to save on your mortgage payments this January, according to experts
If you're among the millions of Americans who locked in a mortgage interest rate above 7%, you may have a chance to reduce ...
Mortgage rates rise on jobs report
Wildfires are continuing to torch Los Angeles as over 180,000 people have evacuated. Public Information Officer Captain Marco ...
Donald Trump Could Privatize Fannie Mae and Freddie Mac: What It Means for Your Mortgage
Fannie Mae and Freddie Mac, the government-backed mortgage giants, could be headed for privatization under Donald Trump 's ...
I almost made the mistake of paying for mortgage insurance. What homeowners need to know
Let’s clear up a common misconception right off the bat: Mortgage insurance does not protect homeowners. Rather, it ...
Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.
Mortgage rates see fourth straight increase. What does this mean?
The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, ...
Today's Mortgage Rates | Rates Up, but There's Still Hope for Borrowers
These are today's mortgage and refinance rates. Mortgage rates have been elevated this month, but they may still trend down ...
How to Avoid PMI on a Mortgage With Less Than 20% Down
PMI protects the lender if you fail to repay your home loan. For instance, if you put 5% down on your home and then default ...
What factors drive mortgage loan interest rates?
Global economic conditions and geopolitical events can also influence mortgage rates through their impact on the bond market.
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
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2025 Mortgage Rate Forecast: Here's Why You Shouldn't Bet on Lower Rates This Year
Last year, the path to lower mortgage rates seemed relatively straightforward: Official inflation would go down, the Federal ...