Mortgage rates in the U.S. climbed once more on Friday with the national average 30-year fixed mortgage rate ticking up to 6.98%, according to new data from Zillow. This increase follows a week of gradual upticks, further tightening affordability for prospective buyers. Current mortgage rate averages As of June 20, 2025: 30-year fixed rate: 6.98%
Let us read it for you. Listen now. Your browser does not support the audio element. The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate
MORTGAGE lenders have been slashing rates, with two-year deals now at the lowest they’ve been in almost three years. The average two-year fixed mortgage currently has an interest rate of 5.12%, according to data from Moneyfacts. 1 Lenders have been cutting mortgage rates in the last week, but by smaller margins than beforeCredit: Alamy Rates
If you’re into high-yielding investments, then you probably know about mortgage REITs. But you should also know about preferred shares, baby bonds, and BDCs. We cover all of these investments, as well as equity REITs, inside The REIT Forum. These alternatives tend to perform much better than mortgage REIT common shares over long periods. That
The housing market has plenty going wrong these days: high interest rates, high home prices, and affordability challenges — especially for first-time buyers. Now add another wrinkle: President Donald Trump’s renewed push to re-privatize the giant government-owned housing-finance corporations, Fannie Mae and Freddie Mac. They were taken over by the federal government (placed into conservatorship)
‘Little urgency to cut rates’ The odds of a rate cut by the Federal Reserve have steadily dropped during the spring and are a virtual lock to remain unchanged this week. According to the CME Group’s FedWatch tool, 99.8% of interest rate traders think the Fed will leave benchmark rates at a range of 4.25%
Age plays a clear role in the cost of mortgage payments. Homeowners aged 30 to 44 pay the most, with the median monthly mortgage of $1,650, according to the Federal Reserve. That likely reflects peak homebuying years, larger households, and perhaps more recent purchases at higher prices and rates. Payments are slightly lower for those
See the most expensive homes sold in the Des Moines metro in 2024 A look at the most expensive homes sold in Polk, Dallas, and Warren counties. Home mortgage interest rates are unlikely to drop anytime soon, despite comments by the Chicago Federal Reserve CEO during a recent Des Moines visit that rates could drop
Mortgage rates ticked up slightly on Tuesday, with Zillow reporting the national average for a 30-year fixed mortgage now at 6.94%. The shift marks a one basis point increase from last week’s average of 6.93%. For homebuyers and refinancers, even a small change can impact long-term affordability. Here’s a breakdown of today’s key mortgage rate
Key Takeaways After surging in mid-May amid congressional debate over President Trump’s proposed tax bill, 30-year mortgage rates have reversed course over the past three weeks. New 30-year fixed-rate loans now average 6.91%, down 21 basis points from May 23. Other popular loan types also dropped: 15-year rates fell 14 basis points, and jumbo 30-year