Average US rate on a 30-year mortgage rises slightly for the second week in a row
5 days, 7 hours ago

Average US rate on a 30-year mortgage rises slightly for the second week in a row

Associated Press  

Associated Press — The average rate on a 30-year mortgage in the U.S. rose slightly for the second week in a row, a modest setback for prospective home shoppers as the spring homebuying season ramps up. “The 30-year fixed-rate mortgage has stayed under 7% for nine consecutive weeks, which is helpful for potential buyers and sellers alike,” said Sam Khater, Freddie Mac’s chief economist. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose this week, pushing the average rate to 5.83% from 5.8% last week. Mortgage rates are influenced by several factors, including bond market investors’ expectations for future inflation, global demand for U.S. Treasurys and the Federal Reserve’s interest rate policy decisions.

Mortgage Treasury Average Fed Rates Row Mortgage Rates Freddie Mac Rate Rose  average  mortgage  market  second  30year  rate  rose  rates  slightly  week  inflation  rises  yield  row

History of this topic

US home sales rose in February as mortgage rates eased and more homes put up for sale
5 days, 9 hours ago

US home sales rose in February as mortgage rates eased and more homes put up for sale

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged home shoppers. Existing home sales rose 4.2% last month from January to a seasonally adjusted annual rate of 4.26 million units, the National Association of Realtors said Thursday. There were 1.24 million unsold homes at the end …

Mortgage rates have declined but could stay at a level that makes it tough to afford a home
2 weeks, 5 days ago

Mortgage rates have declined but could stay at a level that makes it tough to afford a home

Associated Press  

LOS ANGELES — Mortgage rates have been mostly declining in recent weeks, helping encourage prospective home shoppers just as the spring homebuying season gets going. Mortgage rates are influenced by several factors, including bond market investors’ expectations for future inflation, global demand for U.S. Treasurys and the Federal Reserve’s interest rate policy decisions. While one could say the bond market …

Average US rate on a 30-year mortgage falls for sixth-straight week to lowest level since December
3 weeks, 5 days ago

Average US rate on a 30-year mortgage falls for sixth-straight week to lowest level since December

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the sixth week in a row, a welcome boost in purchasing power for home shoppers just as the annual spring homebuying season gets going. The average rate fell 6.76% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. Sales of previously occupied U.S. homes fell in January …

January home sales fall as high mortgage rates, prices freeze out would-be buyers
1 month ago

January home sales fall as high mortgage rates, prices freeze out would-be buyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes fell in January as rising mortgage rates and prices put off many would-be homebuyers despite a wider selection of properties on the market. “When combined with elevated home prices, housing affordability remains a major challenge.” The U.S. housing market has been in a sales slump dating back to 2022, when mortgage …

Average US rate on a 30-year mortgage slips to 8-week low after fifth-straight weekly decline
1 month ago

Average US rate on a 30-year mortgage slips to 8-week low after fifth-straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the fifth week in a row to its lowest level since late December, a welcome boost for prospective homebuyers in what’s traditionally the busiest time of the year for home sales. The average rate fell to 6.85% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. Sales …

Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline
1 month, 1 week ago

Average US rate on a 30-year mortgage eases to 6.87%, fourth straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the fourth week in a row, an encouraging sign for prospective home shoppers as the spring homebuying season gets underway. The average rate fell to 6.87% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage briefly fell to a 2-year …

Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
1 month, 2 weeks ago

Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts. The average rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage …

Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%
1 month, 3 weeks ago

Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season. The average rate on a 30-year mortgage briefly fell to a 2-year low just above 6% last September, but has been mostly rising since …

Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row
2 months ago

Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row. Mortgage applications edged up last week, but have been subdued in recent weeks as the average rate on a 30-year home loan hovered around 7%, according to the Mortgage Bankers Association. Mortgage rates …

Mortgage rates have hit 7%. What should people searching for a home do?
2 months, 1 week ago

Mortgage rates have hit 7%. What should people searching for a home do?

NPR  

Mortgage rates have hit 7%. And first of all, the Fed doesn't really control mortgage rates, although it does control a lot of things. And so if you have a superior credit score, which shows that you are a good bill payer, that you're qualified to get a mortgage, then you shop around for the best rate. If you're already …

Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May
2 months, 1 week ago

Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May

Associated Press  

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 months. The average rate on a 30-year mortgage is now the highest it’s been since May 9, when it was at 7.09%. Interest rates have been climbing since the Federal Reserve signaled last month that it expected …

Mortgage rates have climbed above 7%. Here's how we got here and what it means
2 months, 1 week ago

Mortgage rates have climbed above 7%. Here's how we got here and what it means

NPR  

Mortgage rates have climbed above 7%. Here's how we got here and what it means toggle caption Brandon Bell/Getty Images/Getty Images North America Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. The climbing mortgage rates come even after the Federal Reserve cut interest rates by a …

US inflation likely remained sticky-high last month, threatening interest rate cuts
2 months, 1 week ago

US inflation likely remained sticky-high last month, threatening interest rate cuts

Hindustan Times  

US inflation probably worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much this year. Last Friday's unexpectedly strong jobs report caused stock and bond prices to plunge on fears that a healthy economy could keep …

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
2 months, 2 weeks ago

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The average long-term U.S. mortgage …

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
2 months, 2 weeks ago

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase

Associated Press  

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market remains in a slump …

Average U.S. long-term mortgage rate inches up for fourth straight increase
2 months, 2 weeks ago

Average U.S. long-term mortgage rate inches up for fourth straight increase

LA Times  

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. While sales of previously occupied U.S. homes rose in November for the second straight month, the housing market remains in a slump …

Mortgage pain to stay as government borrowing costs hit 27-year high
2 months, 2 weeks ago

Mortgage pain to stay as government borrowing costs hit 27-year high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Homeowners are braced to pay …

Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
2 months, 3 weeks ago

Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July

Associated Press  

WASHINGTON — U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac. 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. …

Mortgage rates inch closer to 7% to close out 2024
2 months, 3 weeks ago

Mortgage rates inch closer to 7% to close out 2024

CNN  

New York CNN — Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers. That’s the highest level in nearly six months and is also up from the prior week when mortgage rates averaged 6.85% versus the latest week’s average of 6.91%. The latest uptick in mortgage rates comes despite the Federal Reserve’s quarter-point interest rate cut last …

Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
2 months, 3 weeks ago

Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising

Associated Press  

WASHINGTON — The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans. It dipped as low as 6.08% in September — a 2-year low — and as high …

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
3 months ago

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

LA Times  

Though the Fed doesn’t set mortgage rates, it does influence them. “Because the upcoming Trump administration’s policies might cause a resurgence in inflation or otherwise throw the economy off balance, the Fed might choose to take a wait-and-see approach and hold rates steady at their January meeting.” Depending on the specific proposals the Trump administration manages to enact, the Fed …

Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November
3 months ago

Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November

Associated Press  

The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that lenders use as a guide to price home loans. The rate rose to 6.72% from 6.6% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage …

US home sales hit fastest pace since March with more properties up for sale
3 months ago

US home sales hit fastest pace since March with more properties up for sale

Associated Press  

Sales of previously occupied U.S. homes rose in November to their fastest pace since March with home shoppers encouraged by a wider selection of properties on the market, even as mortgage rates mostly ticked higher. Despite increasing in November and October, home sales are still running below last year’s pace, when they sank to a nearly 30-year low. “Looks like …

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
3 months, 1 week ago

The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more

Associated Press  

NEW YORK — The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. “Because the upcoming Trump administration’s policies might cause a resurgence in inflation or otherwise throw the economy off balance, the Fed might choose to take a wait-and-see approach …

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon
3 months, 1 week ago

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

The Hindu  

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards. The central bank’s policymakers may signal that they expect to reduce their key rate just two …

Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year
3 months, 1 week ago

Economists’ 2025 housing market forecasts largely call for mortgage rates to stay above 6% next year

Associated Press  

LOS ANGELES — Home shoppers hoping for more attractive mortgage rates next year may be disappointed. Most of the eight forecasts call for the average rate on a 30-year mortgage to remain above 6% next year, with some including an upper range as high as 6.8%. “Even by the end of next year it’s hard to see sub 6% mortgage …

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline
3 months, 1 week ago

Average rate on 30-year mortgage hits 6.6%, its third straight weekly decline

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, welcome relief for prospective homebuyers during what’s typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyer Freddie Mac said Thursday. The average rate on a 30-year mortgage is …

Jump in average fixed mortgage rates recorded in December, says Moneyfacts
3 months, 2 weeks ago

Jump in average fixed mortgage rates recorded in December, says Moneyfacts

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our …

Average rate on a 30-year mortgage in the U.S. falls
3 months, 2 weeks ago

Average rate on a 30-year mortgage in the U.S. falls

LA Times  

The average rate on a 30-year mortgage in the U.S. eased again last week, slipping to its lowest level since late October. Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in …

Average rate on a 30-year mortgage in the US falls to 6.69%
3 months, 2 weeks ago

Average rate on a 30-year mortgage in the US falls to 6.69%

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased again this week, slipping to its lowest level since late October. Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in …

Average rate on a 30-year mortgage in the US slips to 6.81%
3 months, 3 weeks ago

Average rate on a 30-year mortgage in the US slips to 6.81%

Associated Press  

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks. Despite the low sales activity, inventory has only modestly improved and remains dramatically undersupplied.” Mortgage rates slid to just above 6% in September following the Federal Reserve’s decision to cut its main interest rate for the …

Mortgage rates: Bad news if you’re looking to buy a house in the next two years
4 months ago

Mortgage rates: Bad news if you’re looking to buy a house in the next two years

CNN  

Washington CNN — Americans looking to purchase a home in the next few years will have a tough pill to swallow. Mortgage rates are now expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Wells Fargo economists project mortgage rates to average 6.3% by the end of next year, according …

Average rate on a 30-year mortgage in the US rises to highest level since July
4 months ago

Average rate on a 30-year mortgage in the US rises to highest level since July

Hindustan Times  

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. Average rate on a 30-year mortgage in the US rises to highest level since July The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday. When mortgage rates increase they can add …

Average rate on a 30-year mortgage in the US rises to highest level since July
4 months ago

Average rate on a 30-year mortgage in the US rises to highest level since July

Associated Press  

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers, reducing homebuyers’ purchasing power at a time when home prices remain near all-time highs, even though U.S. home sales are on …

Mortgage pain fuels highest rise in home ownership costs in 30 years
4 months ago

Mortgage pain fuels highest rise in home ownership costs in 30 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Soaring monthly mortgage payments are …

The average rate on a 30-year mortgage in the US slips to 6.78%
4 months, 1 week ago

The average rate on a 30-year mortgage in the US slips to 6.78%

Associated Press  

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. Last week, bond yields surged on expectations that President-elect Donald Trump’s plans to lower tax rates, increase tariffs and reduce regulation could ultimately lead to higher U.S. …

Trump enters just as the Fed is shifting its focus
4 months, 2 weeks ago

Trump enters just as the Fed is shifting its focus

Live Mint  

With its second consecutive interest-rate cut this year, the Federal Reserve is attempting to boost the odds of a soft landing. Alternatively, any resurgence in inflation could force the Fed to stop cutting rates, raising the odds that the economy faces a hard landing later in Trump’s term. Due in part to the Fed cutting rates with a solid economy, …

Average rate on a 30-year mortgage in the US rises for 6th straight week
4 months, 2 weeks ago

Average rate on a 30-year mortgage in the US rises for 6th straight week

Associated Press  

The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. When mortgage rates increase they can add hundreds of dollars a month in costs for borrowers, reducing homebuyers’ purchasing power at a time when home prices remain near all-time highs, even though the housing market remains …

The Fed cuts interest rates — but Trump's election could make things trickier
4 months, 2 weeks ago

The Fed cuts interest rates — but Trump's election could make things trickier

NPR  

The Fed cuts interest rates — but Trump's election could make things trickier toggle caption Anna Moneymaker/Getty Images North America The Federal Reserve lowered interest rates by a quarter percentage point Thursday, as expected — but the central bank may grow more cautious about future rate cuts as it monitors the impact of economic policies in a second Trump administration. …

Mortgage rates are rising. Experts cite economic strength, inflation and possible Trump win
4 months, 3 weeks ago

Mortgage rates are rising. Experts cite economic strength, inflation and possible Trump win

LA Times  

Mortgage rates have been on the rise despite recent action from the Federal Reserve. In September, the Federal Reserve lowered its benchmark interest rate for the first time since 2020, giving hope to prospective home buyers that mortgage rates would follow suit. “They are saying ‘What’s going on?’” The fact that mortgage rates have gone up despite the cut underscores …

Mortgage Rates Continue to Rise as Economic Data Remains Strong
5 months ago

Mortgage Rates Continue to Rise as Economic Data Remains Strong

CNN  

Mortgage rates rose again this week, marking the fourth consecutive weekly increase. The average rate on a standard, 30-year fixed mortgage was 6.54% in the week ending October 24, 2023, the highest level since early August but still below this year's high of 7.22% seen in early May. Expectations of a Fed rate cut caused mortgage rates to drop to …

UK interest rates will drop to 2.75 per cent, Goldman Sachs predicts
5 months ago

UK interest rates will drop to 2.75 per cent, Goldman Sachs predicts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy UK interest rates will almost …

Why mortgage rates have gone up, and when they might settle
5 months, 1 week ago

Why mortgage rates have gone up, and when they might settle

NPR  

Why mortgage rates have gone up, and when they might settle Mortgage rates have inched higher recently, after falling for several weeks. AYESHA RASCOE, HOST: You might expect that mortgage rates would be falling right now after the Federal Reserve cut interest rates by half a point last month. It's because mortgage rates aren't tied to the Fed's interest rate, …

US economy exceeded expectations for job growth last month, data shows
5 months, 3 weeks ago

US economy exceeded expectations for job growth last month, data shows

Daily Mail  

The US economy far exceeded expectations for job growth last month, according to new data released Friday. The Fed's benchmark interest rate does not directly affect mortgage rates, but home loan costs tend to dip alongside rate cuts. 'Although mortgage rates have relented substantially, they bounced back somewhat this week as investors and the Fed disagree somewhat on the likely …

Fed cuts interest rates by half point for first time in years. Here’s what that means for you
6 months, 1 week ago

Fed cuts interest rates by half point for first time in years. Here’s what that means for you

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. In an official statement, the Fed’s Federal Open …

Mortgage rates finally fall for first-time buyers – best deals compared
6 months, 1 week ago

Mortgage rates finally fall for first-time buyers – best deals compared

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} First-time home buyers …

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
6 months, 3 weeks ago

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year

Associated Press  

The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year, good news for prospective homebuyers facing home prices near all-time highs. “Mortgage rates fell again this week due to expectations of a Fed rate cut,” said Sam Khater, Freddie Mac’s chief economist. “Rates are …

Fed leader, concerned about jobs downturn, tees up interest rate cuts
7 months ago

Fed leader, concerned about jobs downturn, tees up interest rate cuts

LA Times  

Federal Reserve Chair Jerome H. Powell now sees inflation as less of a threat and maximizing jobs as even more important. But Powell’s emphasis on doing “everything we can to support a strong labor market” gave some economists reason to think that the Fed could make a half-point move next month. Powell said that the pace of policy actions would …

Wall Street 'Oracle' reveals the mortgage rate magic number which will get the housing market moving
7 months, 2 weeks ago

Wall Street 'Oracle' reveals the mortgage rate magic number which will get the housing market moving

Daily Mail  

Mortgage rates have fallen to their lowest level in 15 months - but one expert is warning a bigger drop is needed to kickstart the frozen housing market. Meredith Whitney said that mortgage rates need to hit 6 percent or below in order to kickstart the frozen market The average 30-year fixed-rate mortgage eased to 6.47 percent this week, according …

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