Mortgage Rates Today: January 23, 2025 – Rates Move Down
The current mortgage rate on a 30-year fixed mortgage fell by 0.14 percentage point in the last week to 6.97%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.
Today's Mortgage Rates | Rates Are Down For Now
These are today's mortgage and refinance rates. Mortgage rates have eased thanks to cooler inflation data, but it's unclear if they'll drop further.
Weekly Mortgage Rates Drop as Home Sales Stall
The average rate on the 30-year fixed-rate mortgage fell 12 basis points to 6.94% in the week ending Jan. 23, according to rates provided to NerdWallet by Zillow. A basis point is one-one hundredth of a percentage point. The previous week had been the first time that the 30-year rate had inched above 7% since May.
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.
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
Mortgage rates drop for first time in weeks, but homebuyers still face affordability challenge
Homebuyers are still facing intense affordability challenges. Borrowing costs are hovering close to the highest level in months and purchase prices are continuing to rise. House hunters are pulling back, leaving properties to linger on the market longer, according to Redfin Corp.
Should I Lock My Mortgage Rate Today?
The timing of your rate lock could save or cost you thousands of dollars. If you're in a bidding war or hoping to close quickly, you probably want to lock the rate.
Mortgage Rates Drop Below Seven Percent
After crossing the 7%-mark last week, the 30-year fixed-rate mortgage saw its first decline in six weeks,” said Sam Khater, Freddie Mac’s Chief Economist. “While affordability challenges remain, this is welcome news for potential homebuyers,
Mortgage rates declined this week, falling below 7%
After rising for several weeks, mortgage rates have dipped slightly this week. Freddie Mac reports its Primary Mortgage Market Survey shows the 30-year fix
30-Year Mortgage Rates Hold at Cheapest Level of 2025
After shooting up last week to a 7-month high, rates on 30-year mortgages have moved the other way—falling four days in a row and now holding at that lower level.
Current HELOC & Home Equity Loan Rates: January 22, 2025—Rates Are Mixed
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...
Average mortgage rate slips below 7%, falling for first time in 5 weeks
The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five ...
What's the HELOC and home equity loan interest rate forecast for 2025?
Home equity is at an all-time high, but what will happen with these borrowing rates this year? Experts weigh in.
2024 Palm Beach County home sales lowest in at least 10 years but prices keep rising
Just 127 Palm Beach County single-family homes sold last year for $149,000 or less. At the same time, 3,226 homes sold for $1 ...
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Reverse Mortgage, Home Equity Loan or Refinance? The Pros and Cons of Each
You may be eligible if you’re 62 or older. If you qualify, you can borrow up to a set limit based on your age, the value of ...