Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?
The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
Will Mortgage Rates and Home Prices Finally Fall This Year? Some People Think Yes
Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home prices drop. But how likely is that to really happen?
Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines.
What the new inflation report means for mortgage rates
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of January 15, 2025, the average 30-year fixed-rate mortgage stands at 7.01%, reflecting a slight increase from earlier this year — and from the rates we saw in late 2024.
Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months.
Mortgage rates have hit 7%. What should people searching for a home do?
Mortgage rates have hit 7%. Mark Hamrick, Washington bureau chief for Bankrate, talks about what this means for borrowers and how this will affect the housing market.
‘Bad news’ for homebuyers: Mortgage rates hit 8-month high
The interest rate on average fixed-rate 30-year home loan is more than 7%, the first time mortgage rates have been that high since May
Dave Ramsey warns Americans to avoid this huge mortgage mistake
Monitoring mortgage rates is one of the first steps people take when deciding to buy a home, along with determining the ...
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
4 reasons to get preapproved for a mortgage loan this January
With only two additional Fed rate cuts predicted for 2025, mortgage rates aren't likely to fall much more this year. And, if ...
How Much Do You Need to Make to Afford a $5,000 Mortgage Payment?
A $5,000 monthly mortgage payment is very realistic for homeowners in high-cost states like California, Massachusetts, and ...
Metro Phoenix's housing market bucks December slowdown; sales up 51% in Glendale in 2024
January is usually a slow month too, but a surge in Valley million-dollar sales after the election could push up prices and ...
Medical debt will soon be wiped from your credit score
PHOENIX (AZFamily) — When you apply for a mortgage, car, or small business loan, medical debt should no longer stand in your way. A new federal ruling bans medical debt from lowering a person’s credit ...
Florida Housing Market Facing 'Widespread Price Declines'
Several metros in Florida experienced year-on-year price drops last month, as inventory grew but buyers remained hesitant.
Proposed legislation could help victims of notorious reverse mortgage scam artist Mark Diamond
David Herron's home in North Lawndale has been in his family for more than six decades. Among other repairs, it needs a new ...