Average rate on 30-year mortgage hits 7%, its fifth straight increase and highest level since May
The elevated mortgage rates, which can add hundreds of dollars a month in costs for borrowers, have discouraged home shoppers, prolonging a national home sales slump that began in 2022.
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
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.
Average rate on 30-year mortgage hits 7% after 5th straight increase, now 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 months.
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
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.
Average mortgage rate tops 7% for first time since May
The Fed is tapping the brakes on interest rate cuts because inflation remains stubbornly high. That's pushed mortgage rates higher.
Mortgage demand is mixed, as interest rates hit highest level since May
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.09% from 6.99%. Applications to refinance a home loan were 22% higher than the same week one year ago.
Mortgage rates climb above 7% for the first time in 8 months
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a ...
Mortgage rates rise above 7% for first time since May
Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time ...
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 ...
Maine Public1h
Mortgage rates have climbed above 7%. Here's how we got here and what it means
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability ...
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 ...
HousingWire7h
Mortgage rates fall after remarks by Fed President Waller
The 10-year yield and mortgage rates fell today after remarks by St. Louis Fed President Chris Waller about rate cuts.
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 ...
Mortgage rates rise past a key mark, signaling bad news for the housing market
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a ...