Category: fox-business/topic/mortgage/todays-mortgage-rates

Mortgage rates are nearing 7% as inflation ticks back up: Freddie Mac

Mortgage rates continue their steady climb upward. Rates for 30-year mortgages averaged 6.88% this past week, Freddie Mac reported. Rates last week averaged 6.82%, and a year ago, the 30-year fixed-rate mortgage averaged 6.27%. “Mortgage rates have been drifting higher for most of the year due to sustained inflation and the reevaluation of the Federal Reserve’s monetary policy path,” Sam Khater, Freddie Mac’s chief economist…

Today’s 15- and 30-year mortgage rates rise | April 11, 2024

The interest rate on a 30-year fixed-rate mortgage is 7.375% as of April 11, which is 0.250 percentage points higher than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.500%, which is 0.375 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different…

Federal Reserve slashing rates ahead of Election Day would likely just superficially boost US wallets: experts

The Federal Reserve is anticipated to slash interest rates this year ahead of Election Day, which will likely lead to a superficial boost to Americans feeling wealthier ahead of casting their votes, though the cuts would have detrimental effects in the long run, experts say.  “I think superficial is exactly the key because one of the things that happens when you cut interest rates is…

Today’s 30-year mortgage rates hold steady while 15-year terms fall | April 5, 2024

The interest rate on a 30-year fixed-rate mortgage is 7.125% as of April 5, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is 0.125 percentage points lower than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest…