Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row
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 rates finally fall after 6-week climb
The average 30-year fixed-rate mortgage dropped below 7% after climbing for six consecutive weeks as the housing market sees little relief amid an affordability crisis.
The 30-year mortgage rate is back below 7%. How does this affect your purchasing power?
Economic and monetary policy uncertainty and inflationary concerns will likely keep mortgage rates elevated for the near future.”
Should I Lock My Mortgage Rate Today?
The timing of your rate lock could save or cost you thousands of dollars. If you're in a bidding war or hoping to close quickly, you probably want to lock the rate.
2025 Mortgage Rate Forecast: What Another Trump Presidency Means for Rates
During his campaign, Trump repeatedly claimed that mortgage rates will return to lows of around 3% (rates are more than double that today), yet experts say that the president is n
Mortgage Rates Today: January 22, 2025 – Rates Move Down
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.97%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 6.01%. On a 30-year jumbo mortgage, the average rate is 7.
30-year mortgage rates dip below 7% this week
Since its inception in 1970, Freddie Mac (OTC:FMCC) has played a pivotal role in helping millions of families to buy, rent, or maintain their homes. This week's survey results provide a glimpse into the current state of mortgage rates and their impact on the housing market.
Mortgage rates retreat, still above 7%
Mortgage rates declined this week, with the 30-year fixed rate averaging 7.06 percent, according to Bankrate’s latest lender survey. Still, since the Federal Reserve began cutting interest rates in September,
Home sales stall as 7% mortgage rates return
Mortgage rates are back above 7%, and that’s slowing an already sluggish housing market with potential buyers choosing to wait on the sidelines to start the year. Home sales have stalled in January, down 10% in the most recent week compared to a year ago,
California banks and credit unions offer mortgage relief to fire victims, Newsom announces
Gov. Gavin Newsom announced that 270 state-chartered banks, credit unions, and others will provide mortgage relief for ...
Today's Mortgage Rates | Rates May Not Drop Much in the Next Two Years, Fannie Mae Says
These are today's mortgage and refinance rates. Mortgage rates may not fall as much as initially expected this year thanks to ...
Mortgage rates aren't likely to fall any time soon — here’s why
Mortgage rates have more than doubled from recent lows in 2021. They're not poised to fall much any time soon, economists ...
Controversial Mortgage Fees to Change Under New Bill
Stephanie Bice has introduced a bill that could reverse key changes implemented by the Federal Housing Finance Agency (FHFA).
Drop in 30-Year Mortgage Rates Extends to a Third Day
After recently shooting up to the most expensive level since May, rates on 30-year loans have fallen considerably the last ...
If Your House Burned Down in the L.A. Wildfires, Do You Still Have to Pay Your Mortgage?
"Homeowners are still obligated to pay their mortgage unless they receive specific relief from their lender. Mortgage ...
Trump promised lower housing costs. Mortgage rates stand in the way.
Mortgage rates inched down in the first week of President Trump’s second term, as the financial markets assess the economic impact of his policies.
WaFd plans layoffs as it exits mortgage lending
The decision, announced with the bank's fiscal first quarter 2025 earnings report, will result in layoffs to 8% of the bank's ...
What Is a Mortgage Acceleration Clause?
An acceleration clause is a provision in a mortgage that allows the lender to require the full repayment of the loan early.