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The average 30-year fixed-rate mortgage rose to 6.91% in the week through Wednesday, from 6.85% as of Dec. 26, according to Freddie Mac data. 15-year mortgage rates jumped to 6.13% from 6% a week ...
Average mortgage rates are moderately lower as of Thursday, January 2, 2025, with the average 30-year purchase rate dipping below 7.00% in the new year — about where we were this time last year ...
“Looking at the end of this year and into 2025, I foresee mortgage rates staying in the 6% range, likely bouncing between 6% and 7%,” shared Dan Richards, president of Flyhomes Mortgage. “A ...
2024 was a tough year for the U.S. housing market. Here’s what experts predict for 2025.
Image source: Getty Images. The Fed's recent 0.50% rate cut might not move the needle much for mortgage rates. The national average 30-year fixed-rate mortgage had already decreased by 1.13% since ...
With the average 30-year fixed rate mortgage sitting at 6.32% for the week of Oct. 10, 2024, one of those makes sense strictly based on rate and the other really does not.