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Mortgage rates surge to 6.85%, highest since Jul.
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 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.
Mortgage rates rise for second straight week, highest since July
This week's increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to mortgage buyer Freddie Mac data.
17h
on MSN
4 types of borrowers that should refinance their mortgage loans now, experts say
"A borrower who originated a 5/1 adjustable-rate mortgage (ARM) coming up for adjustment is a good candidate to consider a ...
CNET on MSN
12h
Mortgage Rate Predictions for the End of 2024: What Comes Next?
But prospective homebuyers hoping for lower mortgage rates this holiday season are likely to be disappointed. The Fed ...
1d
on MSN
Mortgage Rates Are Ending the Year Higher. Why That’s Not All Bad News for Home Buyers.
Mortgage rates are ending 2024 higher than they began. It’s not all bad news for home buyers next year.Freddie Mac’s final ...
23h
on MSN
Today's Mortgage Rates | Rates May Not Drop As Much As Expected Next Year
These are today's mortgage and refinance rates. Mortgage rates remain elevated and they may not drop as much as expected next ...
2d
on MSN
Looking to refinance your FHA mortgage? Make it easier and cheaper with a streamline refinance.
With rates starting to drop, now could be a great time to refinance—and it could be a quick process if you can streamline.
2d
Equity vs. Mortgage REITs: What's the Difference?
Learn about investing in equity, mortgage, and hybrid REITs. Explore the different strategies REITs employ to generate income ...
4d
LoanDepot mortgage review 2024
LoanDepot offers cash-out and rate-and-term refinancing, as well as home equity loans and lines of credit. LoanDepot scored ...
3d
Homeowners are paying more for insurance and taxes than their mortgages, study shows
Scores of homeowners are spending more on insurance and property taxes than they do on their mortgages, according to a ...
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