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…
Interest rates on many mortgage terms have decreased. According to Zillow, the 30-year fixed mortgage rate has been declining for several days, down three basis points today to 6.55%. This puts it at its lowest point since mid-December when it was at 6.50%. It may seem strange that mortgage rates are going down even though…
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…
It might feel like mortgage rates will never stop increasing, especially since just a couple of months ago, many people expected rates to be lower than they are now. However, week-over-week rates have actually gone down. According to Zillow, the 30-year fixed mortgage rate has decreased by 15 basis points to 6.45%, the 15-year fixed…
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…
China’s all-out stimulus package will fail to meaningfully reverse ongoing chaos in the nation’s property market, JPMorgan said in new research. Though Beijing committed on Tuesday to reduce mortgage rates and downpayment rules, the bank said these efforts will not bolster housing consumption as hoped. “These measures are unlikely a game changer,” strategists led by…