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.
Why mortgage rates are still high despite the Fed rate cuts
As mentioned, mortgage rates haven't fallen in line with the Fed's rate cuts because they depend on factors beyond the agency's benchmark rate, such as the economy and 10-year Treasury bond yields. For example, when the 10-year treasury rate goes up, mortgage rates tend to follow, and vice-versa.
US 30-year mortgage rate tops 7%, highest since May 2024
The interest rate for the most popular U.S. home loan rose last week to an eight-month high of 7.09%, extending an upward trend that's squeezing would-be homebuyers already facing rising house prices and limited supply.
US Mortgage Rates Top 7%, Reach Highest Since May of Last Year
US mortgage rates topped 7% last week, reaching the highest level since early May and extending a months-long advance that risks restraining the housing market.
How to Get a Mortgage Rate Under 3% in 2025
Mortgage rates are hovering close to 7 percent, but there are still options for securing a rate in the 3 percent range or lower.
Mortgage Rates Hold at Highest Level Since May
After climbing to their most expensive level in more than seven months, 30-year mortgage rates held steady Tuesday. Rate movement was mixed for other loan types.
Mortgage Refinance Rates Today: January 14, 2025—Rates Rise
The rate on a 30-year fixed refinance climbed today. The average rate on a 30-year fixed mortgage refinance is 7.55%, according to Curinos, while the average rate on a 15-year mortgage refinance is 6.
Average rate on 30-year mortgage hits 7%, its fifth straight increase and 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 ...
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CPI edged higher in December, complicating the Fed's upcoming decision on rate cuts
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Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is ...
ECB meeting indicated support for further rate cuts, accounts show
The European Central Bank needed to cut interest rates cautiously and gradually but further policy easing was likely coming, ...
Stock Market Today: Stocks extend gains on Fed rate cut rally; Nvidia leads
Stocks are set to extend their biggest gain since the November election with jobs and retails sales data in focus.