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.
30-Year Mortgage Rates Hold at Highest Level Since July
After surging to a five-month high before the holiday, 30-year mortgages held steady Thursday. Rate movement was mixed across other loan types.
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, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
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 mortgage buyer Freddie Mac data.
Mortgage Refinance Rates Tick Down From Recent 5-Month High
The 30-year mortgage refinance rate average retreated from its recent high but remains elevated. Many other refi loan types subtracted points as well, while a few were flat.
Average mortgage rates close 2024 at the highest since July
The housing market will end the year with its highest 30-year mortgage rate since July at 6.85%, according to data from Freddie Mac.
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.
Mortgage rates jump, finish the year at a five-month high
U.S. mortgage rates jumped to the highest level in five months as the year drew to a close. In the last full week of 2024, the 30-year mortgage rate rose to the highest level since mid-July, averaging 6.
4 types of borrowers that should refinance their mortgage loans now, experts say
"A borrower who originated a 5/1 adjustable-rate mortgage (ARM) coming up for adjustment is a good candidate to consider a ...
CNET on MSN9h
Mortgage Rate Predictions: Holiday Week Brings Higher Rates
Although experts optimistically predicted rates would fall close to 6% by the end of 2024, projections have changed ...
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 ...
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 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 ...
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.
Equity vs. Mortgage REITs: What's the Difference?
Learn about investing in equity, mortgage, and hybrid REITs. Explore the different strategies REITs employ to generate income ...