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 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?
Average mortgage rates end the week with a moderate rise across popular purchase and refinancing terms, with 30-year terms holding under 7% as of Friday, June 28, 2024, at the same time that new weekly data from Freddie Mac reports a three-month low for the benchmark 30-year rate. The current average rate for a 30-year
The average 30-year and 15-year fixed mortgage rates are down for the second consecutive week, according to Freddie Mac. However, the 30-year rate is still hovering over 7%. Economists do expect rates to decrease further this year, though gradually. April forecasts from both Fannie Mae and the Mortgage Bankers Association predict the average 30-year rate
New data from Freddie Mac confirms a slide in weekly average 30-year and 15-year fixed mortgage rates, with a continued easing of daily mortgage rates as of Friday, May 17, 2024, ending a week that saw positive inflation readings that could influence future cuts to the Fed rate. The current average rate for a 30-year
Photo: Maria Korneeva (Getty Images) The prospect of owning a house has never felt more out of reach for renters. Renters’ self-assessed probability of ever owning a home fell 4.3 percentage points to a record low 40.1% as of February, according to a New York Federal Reserve survey published Monday. Wegovy and Ozempic: Are we
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
New data from Freddie Mac reports a fifth straight rise in weekly average 30-year and 15-year fixed mortgage rates, while daily rates appear to have calmed after this week’s news of a Fed rate pause as of Friday, May 3, 2024. The current average rate for a 30-year fixed mortgage is 7.36% for both purchase