Mortgage rates inch up to start the year at a near six-month high. Will the housing market become more affordable in 2025?
Mortgage rates inched up at the start of the year to the highest level in nearly six months, portending another tough year for the U.S. housing market. The 30-year mortgage rate remains at the highest level since July 2024.
Mortgage Rates Soar Near 7%: What This Means for the Housing Market in 2025
Affordability hits a wall as rates climb--investors need a new strategy for navigating this challenging market
January Mortgage Outlook: Rates Trending Lower
January is dominated by a change in presidential administrations, which dials up the uncertainty. "When things are more uncertain, rates tend to be more volatile," says Chen Zhao, head of economic research for real estate brokerage Redfin.
Mortgage Rates Inch Up to Nearly 7%—the Highest in 6 Months Even as Pending Home Sales Rise
“Inching up to just shy of 7%, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s chief economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist. However, buyers appear to be more inclined to get off the sidelines as pending home sales rise.”
US Mortgage Rates Approach 7% in Ominous Sign for Housing Market
US mortgage rates climbed closer to 7%, threatening to squeeze buyers trying to crack into the housing market.Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe average on a 30-year mortgage rose to 6.
30-Year Mortgage Rates March Downward for a Second Day
After surging to their highest level in nearly six months last week, 30-year mortgage rates declined. Most other loan types shed basis points as well.
Today's Mortgage Rates | Rates Are Supposed to Drop This Year. But It Depends on the Economy.
These are today's mortgage and refinance rates. Mortgage rates remain elevated as investors look ahead to how the economy could trend this year.
Mortgage Rates Tick Up, Nearing 6-Month High
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The Fed Is Cutting - Why Are Mortgage Rates Going Up?
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Home Price Growth Slows Again as Mortgage Rates Weigh On the Market
Home price growth continues to slow in the U.S., as high mortgage rates and persistent affordability challenges weigh on the ...
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Mortgage Rates Hit Six-Month High
According to Freddie Mac’s Primary Mortgage Market Survey (PMMS ®), as of January 2, 2025, mortgage rates have surged to ...
Mortgage Brokers Made Rate Hikes More Painful, Says Bank of England
British homeowners were left particularly exposed to rising interest rates after mortgage brokers convinced them to sign shorter-term deals, according to research by the Bank of England.
Where are mortgage, CD and credit card rates heading in 2025?
The Fed has been pushing down borrowing cuts since September, yet mortgage rates remain close to 7%. Here's what to expect in ...
Mortgage rates slashed by major lenders kicking off 'mini New Year rates war'
Leeds Building Society and Halifax have announced mortgage rate cuts on several of its products and experts believe more ...