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.
Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising
The average rate on a 30-year mortgage in the U.S. rose for the second straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.
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.
Mortgage Refinance Rates Tick Down From Recent 5-Month High
The 30-year mortgage refinance rate average retreated from its recent high but remains elevated. Many other refi loan types subtracted points as well, while a few were flat.
Average mortgage rates close 2024 at the highest since July
The housing market will end the year with its highest 30-year mortgage rate since July at 6.85%, according to data from Freddie Mac.
Mortgage rates continue to rise
Interest rates for 30-year mortgages reached a five-month high. The asking price — $200 million for the land alone — is more than what Bezos paid for any of his three properties on the island.
Average Rate for 30-Year Mortgage Rises to Highest Level in Months
Borrowing costs on a 30-year home loan increased to 6.85 percent from 6.72 percent last week, mortgage buyer Freddie Mac says.
Mortgage rates jump, finish the year at a five-month high
U.S. mortgage rates jumped to the highest level in five months as the year drew to a close. In the last full week of 2024, the 30-year mortgage rate rose to the highest level since mid-July, averaging 6.
CBS News on MSN11h
4 types of borrowers that should refinance their mortgage loans now, experts say
While rates have been cooling, today's high-rate environment has made it challenging for homeowners to refinance their ...
CNET on MSN6h
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 ...
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 ...
Will you be able to refinance your mortgage in 2025? Here's what experts think.
"Many homeowners have seen significant equity growth due to rising property values. Refinancing in 2025 could allow them to ...
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 ...
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.
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 ...
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 ...