Today's Mortgage Rates | Rates Dip on Encouraging Inflation Data
These are today's mortgage and refinance rates. Mortgage rates are down slightly thanks to new CPI data, which showed a slowing in core inflation.
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.
What To Expect For Mortgage Rates In 2025
For now, expectations for interest rate cuts in 2025 are relatively limited. This may limit the potential for lower mortgage rates.
Today's Mortgage Rates | Sticky Inflation Is Keeping Rates Elevated Near 7%
These are today's mortgage and refinance rates. Mortgage rates are up near 7% thanks to inflation and fears that Trump could push prices up further.
Will mortgage rates fall below 6% in 2025? What experts say
Meanwhile, interest rates are still high, and for homebuyers, this means mortgage rates between 6% and 7% — forcing many to put their plans on hold until borrowing becomes more affordable. With the Federal Reserve now hinting at a few rate cuts this year,
Mortgage Rates Today: January 13, 2025—Rates Move Up
Today, the mortgage interest rate on a 30-year fixed mortgage is 7.43%, according to Curinos. On a 15-year fixed mortgage, the average rate is 6.61%, and the average rate on a 30-year jumbo mortgage is 7.
Today's Mortgage Rates | Rates Can't Drop Until Inflation Slows Further
These are today's mortgage and refinance rates. Mortgage rates have gone up thanks to strong economic data. Where they go next depends on inflation.
24/7 Wall St11h
When Mortgages Rate Jump to 7%, Who Can Afford a House?
Mortgage rates rose to over 7% on a 30-year fixed loan. Many potential first-time homeowners believe they cannot afford to purchase a home.
Investopedia5mon
Mortgage Rates Increase Slightly, Still Below 7%
Hilarey has held editorial roles at Bankrate, SmartAsset, and realtor.com. She has a master's in journalism from the University of Missouri. The flagship 30-year new purchase mortgage rate ...
THE WEEK8mon
How is your mortgage rate determined?
Inflation: Mortgage rates also tend to move in tandem with ... at LendingTree and as an editor at the financial startup SmartAsset, where she focused on retirement- and financial-adviser-related ...
24/7 Wall St11d
7% Mortgage Rate Raises Monthly Payment by $1,000
The average 30-year fixed mortgage rate is much higher than four years ago. The landscape of home ownership has changed substantially.
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 ...