Mortgage rates are continuing to sink lower. According to Freddie Mac, the national average 30-year rate is now 6.50%, down six basis points in one week. The 15-year fixed mortgage rate is down nine basis points to 5.60%. Both are new lows for 2025. With rates on a downward trend, the share of mortgage applications…
As of late August, 15-year mortgage rates are hovering around 5.69% and 30-year mortgage rates around 6.58%, according to Freddie Mac. Just 10 weeks ago, 15-year loans topped 6% and 30-year loans neared 7%. Read More: Barbara Corcoran: This Is the ‘Real Problem’ With the Housing Market Right Now Find Out: 7 Tax Loopholes the…
MCLEAN, Va. (AP) — The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly 10 months, giving prospective homebuyers a sorely needed boost in purchasing power that could help inject life into a stagnant housing market. The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer…
Trump rings the opening bell on the trading floor of the New York Stock Exchange (NYSE) on December 12, 2024 after being named TIME’s “Person of the Year.” Spencer Platt/Getty Images The Trump administration is teeing up what could be the biggest shakeup in U.S. housing finance since the 2008 crisis—a pair of IPOs that…
Mortgage rates have been stagnant this week. According to Freddie Mac, the 30-year fixed mortgage rate dropped by one basis point to 6.78%, and the 15-year fixed mortgage rate is down one basis point to 5.99%. A couple of months ago, many expected mortgage interest rates to fall throughout the end of 2024 and all…