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Mortgage rates end 2024 on a high note – unfortunately for the housing market
In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The popular loan product averaged 6.72% throughout the year, compared to 6.81% throughout 2023, even as the Federal Reserve cut its benchmark interest rate three times in 2024.
30-Year Mortgage Rates Hit 5-Month High-Water Mark
After ebbing slightly at the end of last week, 30-year mortgage rates surged to a five-month high. Rate movement was mixed across other loan types.
Today's Mortgage Rates | Will Rates Drop Enough to Buy a House in 2025?
These are today's mortgage and refinance rates. Mortgage rates were supposed to drop in 2025, but sticky inflation has pushed them back up recently.
50m
Mortgage rates rise again, finishing the year at 6.85% — just about the way they started
Mortgage rates rose again this week to end the year slightly higher than where they began. The average 30-year fixed-rate mortgage rate was 6.85% for the week through Wednesday, according to Freddie ...
2d
Mortgage Rates Tick Back Up, Nearing Highest Level Since July
After retreating slightly, 30-year mortgage rates are back on the rise, edging back up to approach a five-month high. Rate ...
Money.com on MSN
1h
Current Mortgage Rates: December 26, 2024
Freddie Mac’s benchmark rate for a 30-year mortgage increased for the second week in a row and is now averaging 6.85% for the ...
5d
on MSN
The Fed is lowering interest rates. So why are mortgage rates going up?
The central bank has cut its benchmark interest rate three times in 2024, but mortgage rates haven't followed suit. In fact, ...
4d
on MSN
Today's Mortgage Rates | Fed Meeting Brings Uncertainty Around Where Rates Will Go Next Year
These are today's mortgage and refinance rates. Mortgage rates might not drop as much next year if the Fed only lowers rates ...
7d
Mortgage rates poised to plummet following latest Fed decision
The final Fed rate cut of 2024 is here. Here’s everything you need to know about how the latest reduction will impact ...
5d
on MSN
The Fed cut interest rates but mortgage costs jumped. Here's why
The average 30-year fixed rate mortgage spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in ...
12h
Six mortgage predictions for 2025 - from interest rates to first-time buyer schemes
A panel of 21 industry experts shared their predictions on what's coming next for the mortgage market in 2025.
9h
Looking to refinance your FHA mortgage? Make it easier and cheaper with a streamline refinance.
If you have an FHA, VA, or USDA home loan, a streamline refinance mortgage could lower your fees and get it done faster.
4h
Mortgage interest rates expected to lower in 2025: Real estate expert | Morning in America
Michael Romer, a managing partner at Romer Debbas, LLP, says mortgage interest rates are expected to stabilize around 6% in ...
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