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.
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.
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 again, finishing the year at 6.85% — just about the way they started
Mortgage rates rose again this week to end the year slightly higher than where they began. The average 30-year fixed-rate mortgage rate was 6.85% for the week through Wednesday, according to Freddie Mac data. That’s up from 6.72% a week earlier. Average 15-year mortgage rates rose to 6% from 5.92%.
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 rise to close out 2024
Freddie Mac cites an "overwhelming undersupply of homes" for the 6.85% interest rate. (Scripps News)
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 Rates Tick Back Up, Nearing Highest Level Since July
After retreating slightly, 30-year mortgage rates are back on the rise, edging back up to approach a five-month high. Rate ...
Mortgage interest rates expected to lower in 2025: Real estate expert | Morning in America
Michael Romer, a managing partner at Romer Debbas, LLP, says mortgage interest rates are expected to stabilize around 6% in ...
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 ...
Today's Mortgage Rates | Fed Meeting Brings Uncertainty Around Where Rates Will Go Next Year
These are today's mortgage and refinance rates. Mortgage rates might not drop as much next year if the Fed only lowers rates ...
Forbes1d
Mortgage Rates Forecast For 2025: Experts Predict How Much Rates Will Drop
Commissions do not affect our editors' opinions or evaluations. Mortgage rates were on a downward course—until they weren’t. After falling in September to a 2024 low of 6.08%, the average rate ...
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 ...
National Mortgage News16h
Mortgage rates approach end of 2024 with a surge
Mortgage rates have run higher since the most recent Federal Reserve meeting as consumer spending points to economic strength ...
Money.com on MSN18h
Current Mortgage Rates: December 26, 2024
Freddie Mac’s benchmark rate for a 30-year mortgage increased for the second week in a row and is now averaging 6.85% for the ...