The states with the highest 30-year new purchase mortgage rates Thursday were Alaska, West Virginia, Maryland, South Dakota, Maine, Mississippi, North Dakota, and Wyoming. The range of rate averages for these eight priciest states was 7.00% to 7.08%. Every other state, plus Washington, D.C., had a Thursday 30-year rate average below 7%. The cheapest of
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.95% +0.04 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.56% +0.03 20-Year Fixed 6.70% +0.04 15-Year Fixed 6.01% +0.04 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 5.90% -0.02 7/6 ARM 7.36% No Change 5/6 ARM 7.27% +0.04 Jumbo 30-Year Fixed 6.92% +0.04 Jumbo
Mortgage rates stayed steady this week. On Thursday, the Federal Home Loan Mortgage Corporation, better known as Freddie Mac, reported the weekly U.S. average 30-year fixed-rate mortgage rate remained at 6.75% for a second week. A posting on the Freddie Mac website offered an upbeat assessment of the current situation. “At this time last year,
article FILE – A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. (Photo by Justin Sullivan/Getty Images) The average rate on a 30-year mortgage stood at 6.76% for the second week in a row. The rate is not as high as the highest levels the U.S. has
Shopping for a mortgage is complicated and time consuming. You have lots of choices when it comes to financing a home, from loan programs, a span of interest rates and price options. You should be aware the mortgage world is comprised of four types of lenders: depositories, mortgage bankers, mortgage brokers and private money lenders.
The states with the lowest 30-year new purchase mortgage rates Wednesday were New York, California, Florida, and Texas. As the four most populous states in the country, they account for about one-third of the United States population. After those, the lowest rates are available in Massachusetts, Oregon, and Pennsylvania. The seven cheapest-rate states registered averages
The Bank of England cut interest rates today from 4.5 per cent to 4.25 per cent. The decision came as little surprise to financial markets, with the 0.25 percentage point cut widely predicted by analysts. It followed the US Federal Reserve holding rates last night. While it might spell good news for mortgage borrowers, it
MILLIONS of mortgage bills are set to fall after the Bank of England (BoE) slashed interest rates this afternoon. During today’s meeting of the Monetary Policy Committee (MPC), the BoE’s rate-setters reduced the base rate from 4.5% to 4.25% – the fourth interest rates cut since 2020. 1 This reduction means that millions of mortgage holders are set to see their bills fallCredit: Getty
Finding a home isn’t getting any easier as the decade moves on, especially for first-time homebuyers. Nationally, median home prices over the past five years have increased by nearly 50%, 30-year mortgage rates have nearly doubled, and the number of homes available for purchase have fallen by a third. Not a happy confluence of trends
Mortgage rates remained stalled a little under 7% this week. Meanwhile, the Federal Reserve left short-term interest rates unchanged today as the central bank waits to find out how higher tariffs will affect the economy. The average rate on a 30-year fixed-rate mortgage rose six basis points to 6.93% in the week ending May 7,