Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?
The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.
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.
Today's Mortgage Rates | Rates Down as Markets Gear Up for Trump's Second Term
These are today's mortgage and refinance rates. Cooler inflation helped mortgage rates tick down this week, but it's unclear if they'll drop further.
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
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 Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines.
Will Mortgage Rates and Home Prices Finally Fall This Year? Some People Think Yes
Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home prices drop. But how likely is that to really happen?
Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
Mortgage Rates Today: January 17, 2025—Rates Remain Fairly Steady
The current mortgage rate on a 30-year fixed mortgage fell by 0.02 percentage point in the last week to 7.35%, according to Curinos. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.03 percentage point during the same period to 6.
Mortgage rates have hit 7%. What should people searching for a home do?
Mortgage rates have hit 7%. Mark Hamrick, Washington bureau chief for Bankrate, talks about what this means for borrowers and how this will affect the housing market.
When Mortgages Rate Jump to 7%, Who Can Afford a House?
Mortgage rates rose to over 7% on a 30-year fixed loan. It is the first time they have been that high since May. It is also a reminder that the days when 3% mortgages made homes more affordable are long past.
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
4 reasons to get preapproved for a mortgage loan this January
With only two additional Fed rate cuts predicted for 2025, mortgage rates aren't likely to fall much more this year. And, if ...
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 ...
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 ...
Housing application deadline for displaced Maui residents approaching
Applications for the Hawaii Interim Housing Program for residents displaced by the 2023 Maui wildfires are due Wednesday, Jan ...
Hawaii lawmakers vow to stabilize property insurance market amid higher premiums
Hawaii lawmakers are beginning a new legislative session with a vow to try to stabilize the state’s property insurance market ...
Five major banks offering mortgage relief in fire-ravaged L.A. region areas, Newsom announces
Five major banks will offer homeowners up to three months of forbearance on mortgage payments in areas devastated by the ...
Rate on 30-year mortgage slips past 7%. Here’s what that does to your buying power.
The elevated mortgage rates have discouraged home shoppers, prolonging a national home sales slump that began in 2022.