Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
The average rate on a 15-year fixed-rate mortgage, popular with homeowners seeking to refinance, climbed to 6.13%, up from 6% and also the highest since July. It was at 5.89% a year ago.
Mortgage rates start 2025 near 7%, hitting highest level since July
Demand for mortgages in the final week of 2024 fell sharply, a combination of holiday market slowness and rates near 7%, according to the Mortgage Bankers Association.
Mortgage rates inch closer to 7% to close out 2024
Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers. The standard, 30-year fixed-rate mortgage averaged just shy of 7% in the final week of 2024 ending on January 2, according to data from mortgage financing giant Freddie Mac.
US 30-year fixed-rate mortgage flirts with 7%
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary.
Mortgage Rates Reach Highest Point Since July
Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist.
Mortgage rates kick off 2025 with an increase, nearing 7%
Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising to just under 7% as the housing market remains stalled.
Forecast: Mortgage rates to hover between 6.15% and 7.55% in 2025
Rates likely to fall below historical norms, as the typical interest on home loans over the last half century clocks in at 7.7%.
Mortgage Rates Tick Up, Nearing 6-Month High
After dipping for two days, 30-year mortgage rates edged higher, again nearing their highest level since early July. Rate ...
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Mortgage rates approach 7% in ominous sign for housing market
The average interest rate on a 30-year mortgage rose to 6.91% as of Thursday, up from 6.85% a week earlier, according to ...
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