Lower mortgage rates draw homeowners in — but keep home buyers out
Mortgage rates inched down to their lowest level in six weeks, but the drop wasn’t enough to lure home buyers back into the game. The chill could be a sign of what’s to come during the spring home-buying season.
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 Today: February 4, 2025 – Rates Remain Fairly Steady
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.89%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.89%, and the average rate on a 30-year jumbo mortgage is 7.
‘Mortgage rates will pull back:’ 4 pros predict where mortgage rates will go in February 2025
For his part, Lewis says mortgage rates are poised to drop in February, after climbing above 7% in January. “The direction of consumer prices will have the strongest effect on mortgage rates in February. The core inflation rate should decline further, giving bond yields and mortgage rates room to fall, but not by a lot,” says Lewis.
Mortgage Rates Remain Near 6-Week Low for a Fourth Day
Rates on 30-year mortgages ticked up a minimal 1 basis point for a third consecutive day Tuesday, after a large drop last week. The flagship average now sits at 6.86%, just barely above the cheapest reading since before Christmas. Rates moved modestly higher for most other mortgage types as well.
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Private sector job growth, mortgage applications decline: Wealth
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'It has just wrecked my whole life': Texas woman, 85, says she faces homelessness after her bank disputed an 'oral agreement' to modify her mortgage — here's what …
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