US Mortgage Rates

Financial Institutions Await Federal Reserve Decision On Interest Rates

Will US Mortgage Rates Fall Below 6% This Year? Here's What Experts Predict

Predictions for mortgage rates vary widely. Some believe it could gradually decline while others believe it would unlikely fall under 6% this year.
What You Should Know About Changes To Mortgage Lending Standards

Fed Slashes Interest Rates, But Mortgage Rates Surge Up to 6.72% - Here's Why It's Happening

The average contract rate was 6.60% last week before climbing up to 6.72% this week following the Federal Reserve's latest cut.
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Here's What Experts Believe Could Happen to Mortgage Rates in December 2024

The average contract rate for the 30-year fixed-rate mortgage moved down to 6.81% in the week ending Nov. 27.
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Mortgage Applications Jump 12% After Rates Fell for the First Time in Two Months: Report

The average contract rate for the 30-year mortgage fell to 6.86% this week.
Financial Institutions Await Federal Reserve Decision On Interest Rates

Mortgage Rates Inches Down to 6.81%. Here's How Much You Need To Buy a Median-Priced Home With That Rate

Mortgage rates inched down by 0.03% for the 30-year fixed-term loan. The contract rate for the 15-year term climbed in the same week.
Mortgage Rates Rising

Federal Reserve Cuts Interest Rates by a Quarter Point Following Election, How Could It Affect Mortgage Rates?

The Federal Reserve cut its interest rate by 0.25 percentage points, which could put downward pressure on mortgage rates and improve housing affordability.
Financial Institutions Await Federal Reserve Decision On Interest Rates

3 Reasons Why Mortgage Rates Are Still Going up After the Fed’s Interest Rate Cut: Report

Mortgage rates averaged 6.08% in the week after the Fed cut its interest rate. It has since risen to 6.44%.
Financial Institutions Await Federal Reserve Decision On Interest Rates

Mortgage Rates Spike to 6.53% After a Strong Jobs Report, It May Stay That Way for a While: Report

Mortgage rates rose to 6.53% for the 30-year fixed term after the release of the government's monthly jobs report.
Paper house with drafts and money

US Starter Homes Now Cheaper Than It Was a Year Ago as Mortgage Rates Dip: Report

Hopeful buyers now need to earn $76,995 to afford a typical starter home, down from the $77,343 income required in August 2023.
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US Housing Market Is Stuck With Only 25 of Every 1,000 Homes Sold So Far in 2024: Report

Only 2.5% of all homes listed from January through August 2024 changed hands, marking the lowest turnover rate in 30 years.
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10 US Cities Where Buyers Earning Under $95,000 Can Comfortably Afford a Home: Report

A new analysis from Redfin found that the income needed to afford a home in the US fell to $115,000 nationally, but this is lower in several cities.
The Mortgage Loan Process Explained

10 US Cities Where Mortgages Are Easiest and Hardest To Pay Off: Report

A person's ability to pay off their mortgage depends on where they live. Here are the cities where homeowners can easily pay off their mortgages.
Average House Price In The UK Rises 8% In The Year

Homebuyers Now Have $200,000 in Additional Spending Power After Mortgage Rates Decline

The recent drop in mortgage rates gave home buyers additional spending power of between $70,000 to over $200,000, depending on the location.
Financial Institutions Await Federal Reserve Decision On Interest Rates

5 Key Things That Affect Mortgage Interest Rates

The Federal Reserve's actions influence borrowing rates, but there are also other key factors that could affect mortgage interest rates. Here are five.
General Scenes Of Sydney Property As Government Faces Pressure To Change Rules On Negative Gearing

Fed Cuts Interest Rates Down to 4.8%; Here’s What It Means for the Housing Market and Mortgages

The central bank's recent cut could bring mortgage rates down for the 30-year term and encourage sellers back into the market.
When to Pay Off Your Mortgage Early?

Here’s How Much Your Monthly Mortgage Payments Will Fall After the Fed Cuts Rates

The contract rate for the 30-year and the 15-year fixed terms are expected to fall between 25 basis points to half a percentage point after the Fed cuts its interest rates.
Realtor with money and wooden house

Mortgage Rates Fall To Lowest Level Since February 2023, Monthly Payments May Also Decline

The average contract rate for the 30-year term fell to 6.29% this week, which is 0.14 points lower from last week's rate of 6.43%.
Markets Await Fed Interest Rate Announcement And Inflation Numbers

Real Estate Forecast: Will It Rise or Fall This September? Here's What Will Happen in Federal Reserve's Meeting

Financial experts are expecting the Federal Reserve to cut its benchmark rate on Sept. 18, which could make mortgage rates fall or rise.
SEC Sues Former Freddie Mac And Fannie Mae CEO's Over Subprime Loan Disclosures

30-Year Mortgage Rate Drops Ahead of the Fed Cut, the Lowest Level in 16 Months

The contract rate for the 30-year loan fell to 6.44% in the week ending Aug. 23, marking the lowest level recorded since April 2023.
Mortgage Applications Rise As Consumers Capitalize On Low Interest Rat

The Fed Is Expected To Cut Interest Rates on September 18, Mortgage Rates May Fall as a Result: Report

The Fed could make a quarter-point or a half-point cut on their interest rates during their next meeting.
When to Pay Off Your Mortgage Early?

US Monthly Mortgage Payments Fell to $2,500, Declining for the First Time Since 2020

Mortgage payments fell after contract rates declined to 6.46% in the week ending Aug. 22. The median monthly mortgage payments in the United States fell to just over $2,500, marking the lowest level recorded in four years.
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