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…
Mortgage rates have been inching down recently, but they’re up again today. According to Zillow data, the 30-year fixed mortgage rate has increased by five basis points to 6.52% while the 15-year fixed rate moved up seven basis points to 5.70%. The CME FedWatch tool reports an 85% chance that the federal funds rate will…
Mortgage interest rates are a bit unsteady today. According to Zillow, the average 30-year fixed mortgage rate dropped seven basis points to 6.5%. Meanwhile, the 15-year rate saw a slight increase, up three basis points to 5.47%. This instability can likely be attributed to inflation. Yesterday, the Bureau of Labor Statistics released the July Consumer…
Today’s mortgage rates have moved in opposite directions. According to Zillow, the 30-year fixed mortgage rate is down by six basis points to 6.44% while the 15-year fixed rate moved up three basis points to 5.73%. After the release of the July Jobs report, which showed weak employment data, the CME FedWatch tool now reports…
Today’s mortgage rates have increased. According to Zillow, the 30-year fixed mortgage rate is up four basis points to 6.51%, and the 15-year fixed interest rate has risen by three basis points to 5.89%. No one has a crystal ball to see what mortgage rates will do for the rest of 2025 — but it…
Most mortgage rates have inched up today. According to Zillow, the 30-year fixed mortgage rate has increased by three basis points to 6.57%, and the 15-year fixed rate has risen by four basis points to 5.88%. These small increases are likely a response to the latest labor data. Yesterday, the U.S. Bureau of Labor Statistics…
Mortgage rates are down across the board today. According to Zillow, the 30-year fixed mortgage rate has decreased by three basis points to 6.31%, and the 15-year fixed rate has dropped by five basis points to 5.65%. Mortgage interest rates tend to follow the 10-year Treasury yield, which has been trending downward since mid-November. Rates…