Mortgage Rates Rise to 6.85% After Fed Projected Fewer Cuts in 2025
The post Mortgage Rates Rise to 6.85% After Fed Projected Fewer Cuts in 2025 appeared first on Real Estate News & Insights | realtor.com®.
Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
Average rate on a 30-year mortgage climbs to highest point since July
Many economists forecast the average rate on a 30-year mortgage to remain above 6% next year, with some pegging it as high as 6.8%
Average mortgage rates close 2024 at the highest since July
The housing market will end the year with its highest 30-year mortgage rate since July at 6.85%, according to data from Freddie Mac.
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 Mac data. That’s up from 6.72% a week earlier. Average 15-year mortgage rates rose to 6% from 5.92%.
Mortgage rates jump, finish the year at a five-month high
U.S. mortgage rates jumped to the highest level in five months as the year drew to a close. In the last full week of 2024, the 30-year mortgage rate rose to the highest level since mid-July, averaging 6.
Mortgage rates end 2024 on a high note – unfortunately for the housing market
Mortgage rates ended 2024 with a bang – but not the kind that’s good for borrowers. And for anyone in the market for a home – or a refinance – 2025 may not be much kinder. In the week ending Dec. 26,
Average Rate for 30-Year Mortgage Rises to Highest Level in Months
Borrowing costs on a 30-year home loan increased to 6.85 percent from 6.72 percent last week, mortgage buyer Freddie Mac says.
Mortgage Rates Rise For Second Straight Week
Mortgage rates, or interest rates on home loans, increased for second consecutive week after dropping for three straight weeks,
Mortgage rates surge to 6.85%, highest since July
Despite an interest rate cut in early December, mortgage rates continue to rise. The average rate for a 30-year mortgage just increased to 6.85%, the highest since July.
30-Year Mortgage Rates Hold at Highest Level Since July
After surging to a five-month high before the holiday, 30-year mortgages held steady Thursday. Rate movement was mixed across other loan types.
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