Mortgage rates hit 7%, posing another challenge for homebuyers …
Jan 16, 2025 · Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. Economy Inflation remains stubbornly high …
Mortgage rates plunge to lowest level in more than a year
Aug 8, 2024 · US mortgage rates plummeted this week after weaker-than-expected employment data raised the odds of the Federal Reserve cutting interest rates next month. It’s a big step in …
Average rate on 30-year mortgage eases for ... - Associated Press News
2 days ago · The average rate dropped to 6.12% from 6.16% last week. A year ago, it averaged 5.94%, Freddie Mac said. Mortgage rates are influenced by several factors, including how the …
Mortgage rates were supposed to come down. Instead, they're …
Oct 18, 2024 · Mortgage rates have ticked up recently despite the Federal Reserve's recent rate cut. You might expect that mortgage rates would be falling right now after the Federal Reserve …
Mortgage rates surge past 7%, reaching highest level since November - CNN
Apr 18, 2024 · Mortgage rates are climbing based on expectations that the Federal Reserve won’t cut interest rates anytime soon. Mortgage rates soared this week, breaching the key 7% …
What the Federal Reserve rate cut means for the housing market
Sep 18, 2024 · Lower mortgage rates are expected to spur more buyers to enter the housing market. A house for sale in Los Angeles last month is seen here. After months of anticipation, …
Housing Market Update: Buying a Home Costs More Than Ever
Apr 25, 2024 · The average weekly mortgage rate hit 7.1% this week, its highest level since November 2023, as it became clear the Fed would keep interest rates high longer than …
Mortgage rates climb above 7% to highest level since May
Jan 16, 2025 · Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
30-Year Mortgage Rate Rises Above 7% for First Time Since May
Jan 16, 2025 · And mortgage rates are more than twice as high as they were during the early stages of the coronavirus pandemic, when the average 30-year rate hovered around 3 percent …
US Mortgage Rates Approach 7% in Ominous Sign for Housing Market
Mortgage rates tend to track Treasury yields, which continued to climb in late December after Federal Reserve policymakers projected a slower pace of interest-rate cuts in 2025 amid sticky...