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See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
The current average interest rate for a 30-year fixed mortgage is 7.04% for purchase and 7.07% for refinance, unchanged from 7.04% for purchase and up 5 basis points from 7.02% for refinance last ...
Average mortgage rates edge higher for 30-year and 15-year terms as of Wednesday, December 18, 2024, as the Federal Reserve is set to conclude its final policy session of the year.
A year ago, mortgage rates averaged 6.62%. The latest uptick in mortgage rates comes despite the Federal Reserve’s quarter-point interest rate cut last month, its third cut of the year. However ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
This in turn allows the public to use these mortgages to purchase homes, something the government wishes to encourage. Investors in conforming loans, meanwhile, gain low-risk income at a higher interest rate (essentially the mortgage rate, minus the cuts of the bank and GSE) than they could gain from most other bonds.
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