The ... Lowest Rates in Over a Month, But There's a Catch Thu, Jan 30 2025, 4:08 PM Interest rates are driven by the bond market and bonds are at their best levels in over a month. As such, it's no surprise that mortgage rates are abl... Mortgage Rates Barely Budge ...
Thirty-year fixed mortgage rates came down this week, from 6.95% last week, to an average of 6.89%. “Mortgage rates have been stable over the last month and incoming data suggest the economy remains on firm footing," says Sam Khater, chief economist at housing giant Freddie Mac. Advertisem...
Of course, predicting future mortgage rates is notoriously difficult. While 42% of people said they think mortgage rates will drop, 25% said they think mortgage rates will go up in 2025, while 32% said they would stay the same.1 Mortgage rates aretied to the 10-year Treasury bond yield....
WASHINGTON, June 27 (Xinhua) -- Mortgage rates dropped in the United States last week, the U.S. Federal Home Loan Mortgage Corporation, commonly known as Freddie Mac, said on Thursday. For the week ending June 27, 30-year fixed-rate mortgage (FRM) in the United States dropped from 3.84...
The averageinterest rate for a 30-year mortgagein the U.S. has risen to 4.67%, up sharply from 4.42% a week ago, Freddie MacsaidThursday. The cost of home loans has surged over the last year, especially after the Federal Reserve announced earlier month that it was raising its short-ter...
The article reports on the performance of the home mortgage rates in the U.S. for the week ended June 14. 2007. The average for the benchmark 30-year fixed-rate home mortgage rose sharply to 6.74% from 6.53%. According to Freddie Mac, its weekly survey showed the 15-year loan also ...
“Mortgage rates plunged this week to their lowest level in over a year following the likely overreaction to a less than favorable employment report and financial market turbulence for an economy that remains on solid footing," said Sam Khater, Freddie Mac chief economist. ...
Ah, the good old days― like last year, when mortgage rates were so low you couldn’’t get a broker to take your calls― they were all too busy processing piles of refis. Now rates on 30-year loans are at 6.5 percent, the highest they’’ve been since the middle of 2002, ...
Year over year, the MBA refinance index was up 111% while the purchase index was only up 7%. MBA vice president Joel Kan noted that three weeks of higher mortgage rates has cooled the pace of applications. While rates are still solidly down from where they were a year ago, some buyers ...
The 30-year fixed rate started the week at 6.81%, so the drop in just the past five days is dramatic. The recent high was 7.52% in late April, and home sales have been falling ever since. Buyers were battling not just high interest rates, but also high home prices and a lack of ...