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US mortgage rate inches up to 6.93%, 4th straight increase
Mortgage rates see fourth straight increase. What does this mean?
The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, specifically the yield on the US 10-year Treasury. The yield on the 10-year Treasury has climbed from 3.62 percent in mid-September to 4.66% this week.
Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.
30-Year Mortgage Rate Climbs to 6.93%, the Highest Since July
Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.
7 ways to get a lower mortgage rate in 2025
Lowering your interest rate can save you money over the life of the loan. Here are seven ways to make it happen.
Mortgage Rates Continue to Trend Up
Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey ® (PMMS ®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.93 percent. "In the first full week of the new year,
US 30-year fixed-rate mortgage rate hovers just under 7%
U.S. mortgage rates increased to a fresh six-month high this week, a trend that together with elevated house prices could further squeeze potential buyers from the market. The average rate on the popular 30-year fixed-rate mortgage climbed to 6.
The ‘Hidden Force’ That Can Bring Mortgage Rates Down
How home buyers could get a little break even if yields stay high.
Mortgage Rates Today: January 8, 2025—Rates Remain Fairly Steady
The current average mortgage rate on a 30-year fixed mortgage is 7.34%, compared to 7.29% a week earlier, according to Curinos. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 6.
Mortgage rates continue to inch up, supply remains an issue
Mortgage rates continued to climb up, as strength of the economy put upward pressure, while lack of entry-level supply remained an issue, the latest Freddie Mac Primary Mortgage Survey showed. 30-year fixed-rate mortgages averaged 6.
Top Fed Official Backs New Rate Cuts
Surprising changes are likely for Fed interest rate cuts in 2025
Though the Fed had initially anticipated frequent rate cuts through 2025 and even 2026, it readjusted its projections in December. Powell noted that caution will be used going for
If the Fed pauses rate cuts in January, it might be because of Trump, Fed minutes show
Fed releases minutes from its December meeting, where its policymakers signaled a slower pace of interest-rate cuts in 2025.
Top Fed Official Backs New Rate Cuts Even if Trump Tariffs Materialize
A top policymaker at the US Federal Reserve says that he still supports reducing interest rates this year, despite elevated inflation and the prospect of widespread tariffs
7h
on MSN
Today's Mortgage Rates | Rates Up, but There's Still Hope for Borrowers
These are today's mortgage and refinance rates. Mortgage rates have been elevated this month, but they may still trend down ...
2h
on MSN
5 ways to save on your mortgage payments this January, according to experts
The mortgage scene is unpredictable right now. Today's mortgage rates remain much higher than the historic lows during the ...
1h
Mortgage rates jump again, approaching 7% barrier
Fourth week of higher rates comes after 10-year Treasury yields, which mirror mortgage rates, rose after new economic data ...
23h
on MSN
Mortgage rates hit 6-month high, loan applications dwindle
“Even by the end of next year, it’s hard to see sub 6 percent mortgage rates,” said Mark Fleming, chief economist at First ...
2d
What To Expect in Mortgage Rates and Savings Accounts in 2025
As we step into the new year, with the presidential inauguration on the horizon, many are wondering about the direction of ...
HousingWire
20h
How 7% mortgage rates will change housing for a decade
In the last decade, as more and more homebuyers financed their purchases with mortgage rates in the 4s or lower, an ...
Crain's Detroit
1h
Mortgage rates rise for a 4th week
Mortgage rates rose for a fourth straight week. The average interest rate for 30-year loans was 6.93%, up from 6.91% last week, Freddie Mac said in a statement Thursday. The 15-year rate, popular with ...
CNET on MSN
5d
Mortgage Rate Forecast for 2025: Will Lower Rates Make a Comeback?
Since 2020, home prices have increased more than 40%. And while home price growth has since slowed, it's still up 5.1% on an ...
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