Some mortgage rates have increased today, while others have decreased. However, the longer-term trends show that rates are dropping overall. Zillow data shows that the current 30-year mortgage rate is 6.01%. This is 18 basis points lower than this time last week, 51 points lower than this time last month, and 59 points lower than
Mortgage rates are all over the place today — there hasn’t been a clear shift upward or downward since yesterday. For example, Zillow data shows that the average 30-year fixed mortgage rate is down five basis points at 6.01%, the 20-year fixed rate hasn’t changed and sits at 5.69%, and the 15-year fixed rate increased
Mortgage rates plummeted earlier this week. They’ve cooled off now, but most rates are still ticking down — the main exception being the 30-year fixed rate, which is up three basis points since yesterday at 6.21%. But the 15-year fixed rate has dropped six basis points to 5.46%, and the 5/1 ARM rate has decreased
The downward movement in mortgage rates over the past few months accelerated last week as a cooler-than-expected jobs report and indications of a Federal Reserve rate cut led to a steep drop in loan pricing. At HousingWire‘s Mortgage Rates Center on Tuesday, the 30-year conventional loan rate averaged 6.8% — a new low point for
Mortgage rates are fairly stagnant today. Some haven’t shifted at all, and others have increased or decreased by three basis points or less. You’re probably wondering when mortgage rates will go down enough to make a noticeable impact on your monthly payments. The answer? Probably not in 2024 — but possibly in 2025. The Federal
The 30-year mortgage rate is steadily increasing. It currently sits at 6.76% — up six basis points from yesterday, 14 basis points since last weekend, and 13 basis points since this time last month. You’re probably wondering when mortgage rates will go down enough to make a noticeable impact on your monthly payments. The answer?
Mortgage rates increased again this week, and they should stay elevated until inflation slows and the Federal Reserve lowers the federal funds rate. At its May 1 meeting, the Fed announced it is keeping the federal funds rate unchanged rather than cutting it. At the end of 2023, many people expected the Fed to drop