Bad news for those looking to buy a home: it’s looking like high mortgage rates are here to stay in the months ahead. Mortgage rates have hovered in the 6 to 7% range this year, with the 30-year rate at 6.76% as of last week, according to Freddie Mac. And they’ll stay in that range
In the short term, two other factors are likely to influence mortgage rates, which have remained above 6.5% for 30-year loans since October. The first is President Donald Trump’s deal with China to lower tariffs between the two countries for 90 days. This could provide interim relief to homebuilders as tariffs on construction materials were
The states with the cheapest 30-year new purchase mortgage rates Monday were New York, California, Texas, Florida, and Pennsylvania. As the five most populous states, they account for more than a third of the U.S. population. After those five, the lowest-rate states were Georgia, Hawaii, Virginia, and Washington. The nine states registered Monday rate averages
RXR and Ivanhoé Cambridge scored a significant extension to a $1 billion mortgage dogging their Midtown Manhattan office building. The owners of 1211 Sixth Avenue extended their mortgage for three years, the Commercial Observer reported. The loan was scheduled to mature in August and had been flagged by Fitch Ratings due to a low debt
Mortgage rates inched higher on Tuesday as markets absorbed the impact of a 90-day U.S.–China tariff truce and looked ahead to the next Federal Reserve meeting. According to the latest Zillow data, the average 30-year fixed mortgage rate rose to 6.76%, up four basis points from the previous day. Current mortgage rates Here’s a snapshot
First, let’s start with my 2025 forecast for mortgage rates and the bond market, where I anticipated the following ranges: Mortgage rates will be between 5.75% and 7.25% The 10-year yield will fluctuate between 3.80% and 4.70%. So far this year, the 10-year yield has ranged between 4.80% and 3.87%, if I count after-hours trading.
At your mortgage renewal, silence is golden — for your lender. Let’s break down the decision to stay vs. switch, with advice that doesn’t hold back. Do you know how many Canadian homeowners quietly accept their bank’s renewal offer without doing any research? Too many. Signing your bank’s first offer (or even the second one) is the easiest way
The states with the cheapest 30-year new purchase mortgage rates Friday were New York, Pennsylvania, Tennessee, Oregon, California, and Florida, followed by a large multi-state tie that includes North Carolina and Texas. The lowest-rate states registered averages between 6.78% and 6.96%. Meanwhile, the states with the most expensive Friday rates were Alaska, West Virginia, North
Mortgage rates are back on the rise as economic uncertainty lingers. On May 12, 2025, average mortgage rates increased across most fixed-term products, tightening affordability for prospective homebuyers. Today’s mortgage rates Here’s how today’s national averages compare to last week’s: Mortgage type Rate (May 12) Change vs. last week 30-year fixed 6.85% +0.07 30-year fixed
Between high and rising property prices, slower wage growth and lack of housing supply, the challenges faced by aspiring first-time buyers are well-documented. While increasing the supply of new-build homes has long been on government agendas, the Financial Conduct Authority is also reviewing how regulation can support home ownership, after a letter from government about