Mortgage rates inch closer to 7% to close out 2024
Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers. The standard, 30-year fixed-rate mortgage averaged just shy of 7% in the final week of 2024 ending on January 2, according to data from mortgage financing giant Freddie Mac.
Mortgage Rates Tick Up, Nearing 6-Month High
After dipping for two days, 30-year mortgage rates edged higher, again nearing their highest level since early July. Rate movement was mixed for other loan types.
Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
Mortgage rates inched up at the start of the year to the highest level in nearly six months, portending another tough year for the U.S. housing market. The 30-year mortgage rate remains at the highest level since July 2024. It averaged 6.91% as of Jan. 2, according to data released by Freddie Mac on Thursday.
U.S. mortgage rates approach 7% in ominous sign for housing market
High borrowing costs are weighing on affordability.
Mortgage rates likely to go back over 7% as they rise again
The Freddie Mac mortgage rate tracker on Thursday morning showed the conforming 30-year fixed rate mortgage creep closer to the 7% level last seen in May.
Mortgage rates start 2025 near 7%, hitting highest level since July
Mortgage rates rose again last week, leaving them near 7% to start the year. The average 30-year fixed-rate mortgage rose to 6.91% in the week through Wednesday, from 6.85% as of Dec. 26, according to Freddie Mac data.
Mortgage rates kick off 2025 with an increase, nearing 7%
Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising ...
Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July
The average rate on a 15-year fixed-rate mortgage, popular with homeowners seeking to refinance, climbed to 6.13%, up from 6% ...
US 30-year fixed-rate mortgage flirts with 7%
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be ...
Pending Home Sales Rise for Fourth Straight Month as Buyers Adapt to Higher Mortgage Rates
Signed contracts for existing homes increased 2.2% last month from October, in the fourth straight month of gains, the ...
30-Year Mortgage Rates March Downward for a Second Day
After surging to their highest level in nearly six months last week, 30-year mortgage rates declined. Most other loan types ...
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Jobless claims keep mortgage rates elevated
Today, the jobless claims data again showed why mortgage rates are still elevated, confirming that the labor market isn’t ...
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Mortgage rates approach 7% in ominous sign for housing market
The average interest rate on a 30-year mortgage rose to 6.91% as of Thursday, up from 6.85% a week earlier, according to ...
Why mortgage rates remain so high—and what to expect in 2025
Mortgage costs stayed stubbornly high in 2024, with 30-year fixed rates holding well above 6% for most of the year.