Mortgage rates end 2024 on a high note – unfortunately for the housing market
In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The popular loan product averaged 6.72% throughout the year, compared to 6.81% throughout 2023, even as the Federal Reserve cut its benchmark interest rate three times in 2024.
Today's Mortgage Rates | Rates May Not Drop As Much As Expected Next Year
These are today's mortgage and refinance rates. Mortgage rates remain elevated and they may not drop as much as expected next year.
Mortgage Rates Are Ending the Year Higher. Why That’s Not All Bad News for Home Buyers.
Mortgage rates are ending 2024 higher than they began. It’s not all bad news for home buyers next year.Freddie Mac’s final weekly measure of the 30-year fixed mortgage rate this year rose to 6.85% on Thursday.
30-Year Mortgage Rates Hit 5-Month High-Water Mark
After ebbing slightly at the end of last week, 30-year mortgage rates surged to a five-month high. Rate movement was mixed across other loan types.
Mortgage rates rise to close out 2024
Freddie Mac cites an "overwhelming undersupply of homes" for the 6.85% interest rate. (Scripps News)
Mortgage interest rates expected to lower in 2025: Real estate expert | Morning in America
Michael Romer, a managing partner at Romer Debbas, LLP, says mortgage interest rates are expected to stabilize around 6% in 2025. Romer discusses how President-Elect Donald Trump could affect the housing market for current and future homeowners.
Average Rate for 30-Year Mortgage Rises to Highest Level in Months
Borrowing costs on a 30-year home loan increased to 6.85 percent from 6.72 percent last week, mortgage buyer Freddie Mac says ...
Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, ...
Mortgage rates rise for second straight week, highest since July
This week’s increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to ...
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Mortgage rates are still rising, getting close to 7%
As we head into 2025, mortgage rates appear headed back to 7%. Freddie Mac reports its Primary Mortgage Market Survey ...
Mortgage Rates Tick Back Up, Nearing Highest Level Since July
After retreating slightly, 30-year mortgage rates are back on the rise, edging back up to approach a five-month high. Rate ...
Will you be able to refinance your mortgage in 2025? Here's what experts think.
"Many homeowners have seen significant equity growth due to rising property values. Refinancing in 2025 could allow them to ...
The 7 types of mortgage refinancing
A refinancing replaces your existing mortgage with a new one while a second mortgage is taken out in addition to your ...
Mortgage lending rises in Syracuse metro area; growth leads NY
Syracuse, N.Y. — The number of new mortgages for home purchases in the Syracuse metro area rose more in the third quarter ...
Looking to refinance your FHA mortgage? Make it easier and cheaper with a streamline refinance.
With rates starting to drop, now could be a great time to refinance—and it could be a quick process if you can streamline.