Mortgage Rates Saw a Notable Drop Last Week. Here's How Much You Could Save.
Rates on 15-year new purchase loans fell even more significantly last week, plunging 16 basis points to average 5.98% Friday. Like 30-year loans, 15-year rates sank to a two-year low in September, dropping as far as 4.97% (though the lowest Friday weekly average was 5.07%).
Mortgage rates went down again. Here’s what that means for you.
The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.
Mortgage rates tick lower, hover near 7%
Mortgage rates moved slightly lower this week, remaining near 7% as potential buyers and sellers continue to hold off on making a move as they wait for steeper declines.
30-Year Mortgage Rates Holding Near Lowest Level Since Before Christmas
Rates on 30-year mortgages ticked up a minimal 1 basis point Friday after four days of decline, finishing the week at a 6.84% average. That's just barely above the cheapest level registered since mid-December. Meanwhile, rates moved lower for many other new purchase mortgage types Friday.
Today's Mortgage Rates | Rates May Not Drop Much This Year
These are today's mortgage and refinance rates. Mortgage rates may only drop a little bit this year since the economy is still running strong.
Variable mortgage rates catch up to fixed
Following our central bank’s latest quarter-point rate trim on Wednesday, Canada’s benchmark prime rate is down to 5.20 per cent. The last time we saw prime that low, countries were still in the process of reopening their borders post-COVID.
Mortgage Rates Today: February 3, 2025 – Rates Remain Fairly Steady
The current average mortgage rate on a 30-year fixed mortgage is 6.84% with an APR of 6.88%, according to the Mortgage ...
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Mortgage Rates Stay Flat Despite Underlying Market Volatility
We know that mortgage rates are driven by financial markets and we know that financial markets have experienced volatility ...
Barclays cuts mortgage rates - everything we know so far
Elliott Culley, of Switch Mortgage Finance, believes the tide is turning after months of painful hikes. “The pendulum is ...
Here Are Today’s Mortgage Refinance Rates: February 3, 2025 – No Movement On Rates
Mortgage refinance rates remained unchanged at 6.94% today, according to the Mortgage Research Center. The 15-year, ...
Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%
The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little ...
Why are mortgage rates still so high? There’s something more important than Fed policy at work
The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.
Buying a house amid the trade war? Here’s what to expect from mortgage rates.
What Trump’s trade war means for mortgage rates. One of the biggest factors driving housing in the U.S. — from sales to ...
Mortgage Rates Dip Slightly to 6.95% After DeepSeek Drove Sell-Off in Tech Stocks
The post Mortgage Rates Dip Slightly to 6.95% After DeepSeek Drove Sell-Off in Tech Stocks appeared first on Real Estate News ...