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 Hit 5-Month High-Water Mark
After ebbing slightly at the end of last week, 30-year mortgage rates surged to a five-month high. Rate movement was mixed across other loan types.
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 weekly measure of the 30-year fixed mortgage rate this year rose to 6.85% on Thursday. That’s up 0.13 percentage point from ...
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 Freddie Mac data. The lowest rate this year was 6.08% at the end of September, while the highest — 7.22% — was reached at the beginning of May.
Today's Mortgage Rates | Will Rates Drop Enough to Buy a House in 2025?
These are today's mortgage and refinance rates. Mortgage rates were supposed to drop in 2025, but sticky inflation has pushed them back up recently.
Mortgage rates rise to close out 2024
Freddie Mac cites an "overwhelming undersupply of homes" for the 6.85% interest rate. (Scripps News)
Refinance Rates Climb to Highest Level Since Late July
After yo-yo-ing in the low 7% range the previous two business days, 30-year refinancing rates rose again Tuesday. The current ...
What the Fed’s slower 2025 rate cuts would mean for mortgage rates, savings, auto loans
The effects of the Fed’s half-point rate cut in September and its quarter-point cut in November have largely been passed ...
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Repo Rates Rise Even After Fed Tweak Meant to Dampen Volatility
Key rates tied to the US overnight funding market are rising, even after the Federal Reserve adjusted some of its tools in ...
What's the Outlook for Interest Rates in 2025?
Key Takeaways The Federal Reserve expects to cut its influential federal funds rate at a slower pace in the new year than ...
What are today's savings interest rates?
How much interest you can earn, however, depends on where savings rates currently stand.
Turkey begins cutting rates after inflation-fighting drive
Turkey's central bank cut its key interest rate by 250 basis points to 47.5% on Thursday, a bit more than expected, launching ...
Tariffs and Tax Cuts May Be a Formula for Higher Mortgage Rates
"If there are blanket higher tariffs on all goods crossing the border, then there will be higher inflation. If there are ...
This company rates news sites’ credibility. The right wants it stopped.
NewsGuard, which prizes its nonpartisan criteria, has become a prime target of the GOP’s battle against disinformation ...
Egypt central bank keeps overnight interest rates steady
Egypt's central bank kept its overnight interest rates unchanged on Thursday, as expected, saying that while inflation was ...