Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?
The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and sellers to the sidelines.
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
The Income Needed in Each State To Afford a Starter Home at a 7% Mortgage Rate
Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the typical starter home is $70,164,
US 30-year mortgage rate tops 7%, highest since May 2024
MSCI's global equities gauge rose on Thursday, while Wall Street indexes closed lower and U.S. Treasury yields fell after a mixed bag of economic data and Federal Reserve official comments suggesting more interest rate cuts on the horizon.
US Mortgage Rates Top 7%, Reach Highest Since May of Last Year
US mortgage rates topped 7% last week, reaching the highest level since early May and extending a months-long advance that risks restraining the housing market.
Average mortgage rate tops 7% for first time since May
The Fed is tapping the brakes on interest rate cuts because inflation remains stubbornly high. That's pushed mortgage rates higher.
Mortgage Rates Hold at Highest Level Since May
After climbing to their most expensive level in more than seven months, 30-year mortgage rates held steady Tuesday. Rate movement was mixed for other loan types.
Here Are Today’s Refinance Rates: January 17, 2025—Rates Cool Off
The rate on a 30-year fixed refinance dropped today. The average rate for refinancing a 30-year fixed mortgage is currently 7 ...
30-Year Refinance Rates Fall for a Third Day
After hitting a new 5-month peak at the start of the week, 30-year refi rates have dipped every day since. Rates moved lower ...
Forbes2d
Today’s 15-Year Mortgage Refinance Rates
With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...
Business Insider11d
Refinance Rates Today: Compare Mortgage Refinance Offers
However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. When you refinance a home loan, you're replacing your current mortgage with a new one that comes ...
CBS News10d
What are today's mortgage and mortgage refinance interest rates?
If you're in the market for a new home, or you're thinking about refinancing your current mortgage, you may have faced some challenges. With high mortgage rates and a limited inventory of ...
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
Reverse Mortgage, Home Equity Loan or Refinance? The Pros and Cons of Each
Home equity is a valuable financial resource. By definition, it's the difference between your home's value and how much you ...