Today's Mortgage Rates, October 27, 2024 | How This Week's Jobs Report Could Impact Rates
These are today's mortgage and refinance rates. Mortgage rates increased this month, and whether they shift upward again depends on the labor market.
Mortgage Rates Today, Oct. 25: Median Rate Remains 6.88%
As of Oct. 25, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.88%, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.00%, which is also unchanged from yesterday.
Mortgage Rates: Why They Spiked, Why They Fell And What’s Next For Buyers
After skyrocketing during and after the pandemic, mortgage rates are down more than 1% from their October 2023 peak. But what’s behind this shift, why did rates soar in the first place and how much further can hopeful buyers expect mortgage rates to drop in 2024?
Today's Mortgage Rates, October 25, 2024 | How Will the Election Impact Mortgage Rates?
These are today's mortgage and refinance rates. Mortgage rates have gone up this month, but they're still expected to decrease throughout 2025.
House prices to rise in 2025 as buyers could get bigger mortgages
If the base rate falls to 3.5% next year as like some analysts are predicting, mortgage borrowers could find themselves able to borrow up to 18% more.
Considering a mortgage refinance loan? This is how much a 1% rate drop can save you
Wondering how much a 1% rate drop saves you on a mortgage refinance loan? If you want to save money and lower your interest ...
Average Rate on a 30-Year Mortgage Hits Highest Level in Nearly 3 Months
The average rate on a 30-year mortgage climbed to 6.54 percent this week, according to mortgage buyer Freddie Mac.
Mortgage Rates Rise Again—but Our Economist Explains Why There Is Improvement in Homebuyer Demand
Higher than expected rates also continue to suppress the resale market, with existing-home sales falling to a 14-year low.
Looking to save on your 30-year mortgage? Here’s how to do it
A 30-year mortgage is the most popular option, thanks to its stability and affordability. But this loan option can be pricey ...
Here’s why mortgage rates are rising after the Fed’s rate cut
US mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of ...
Best mortgage lenders if you have fair credit
If you don't have excellent credit, you can still be approved for a mortgage. CNBC Select picks the top options for borrowers ...
Does Refinancing Your Mortgage Hurt Your Credit or Help It?
Refinancing your mortgage could cause your credit score to drop in the near term, but your score should recover in the long ...
Is a reverse mortgage or home equity loan better for seniors? Experts weigh in
Seniors have a few options for tapping into their home's equity, but certain options may be better than others.
Average rate on a 30-year mortgage in the US rises again to highest level in nearly 3 months
The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months.
The FIRE movement: How to retire early with no mortgage debt
If you have a goal to retire early, you may be wondering how your mortgage might affect this. Learn more about reaching FIRE ...