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Mortgage rates surge to 6.85%, highest since Jul.
Mortgage rates surge to 6.85%, highest since July
Despite an interest rate cut in early December, mortgage rates continue to rise. The average rate for a 30-year mortgage just increased to 6.85%, the highest since July.
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.
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.
13h
on MSN
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 ...
Hosted on MSN
2h
Mortgage Rate Predictions: Holiday Week Brings Higher Rates
Furthermore, mortgage rates have reached their highest levels in weeks. Following the Federal Reserve's third interest rate ...
ConsumerAffairs
1d
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 ...
1d
What the Fed’s slower 2025 rate cuts would mean for mortgage rates, savings, auto loans
The effects of the Fed’s half-point rate cut in September and its quarter-point cut in November have largely been passed ...
33m
on MSN
Next Week in Business: jobless claims, mortgage rates and Wall Street's first trading day of 2025
Weekly applications for jobless benefits are considered a proxy for layoffs. Also Thursday, U.S. financial markets re-open for the first trading day of 2025. U.S. stocks could be hard pressed to ...
1d
on MSN
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 ...
1d
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 ...
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