Mortgage rates surge to 7-month high: What homeowners should know
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Wells Fargo Mortgage Rates and Loan Options for Homebuyers
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Mortgage rates rose again from 6.72% last week to 6.85% for the average 30-year fixed home loan for the week ending Dec. 26, according to Freddie Mac. What it means for the housing market 🏡 With the last full week of the year upon us, many households are gearing up for 2025 and hoping for a more favorable housing market. Two things to note: 1️⃣ We expect mortgage rates to ease and housing inventory to grow next year as builder activity and the weakening lock-in effect bring more homes to the ma
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Mortgage rates saw their biggest drop since mid-December, easing to 6.76% this week from 6.85% last week, per Freddie Mac. A year ago, they stood at 6.94%. ATTOM's report compared refinance loan data from the third to the fourth quarter of 2024 and found five cities with the largest quarterly increases in home loan refinancing. 5 cities with the biggest surge in mortgage refinancing due to lower rates: 1️⃣ Hilton Head, SC 2️⃣ Wilmington, NC 3️⃣ San Jose, CA 4️⃣ Buffalo, NY 5️⃣ San Francisco, CA
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Mortgage rates remain near 7%, but how much homeowners pay varies widely by state. The national median mortgage payment is $2,971. 🔹 Top 3 cheapest states: West Virginia: $1,838 Ohio: $1,864 Michigan: $1,983 All 10 cheapest states are in the South and Midwest, with mortgage payments ranging from $2,000 to $2,148. 🔹 Most expensive states: Hawaii: $5,904 Massachusetts: $5,406 California: $5,277 Full report: https://rltor.cm/7446x4 📊 The best time to sell is coming. See how you could make $27K m
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