Shopping for a mortgage rate before the June Fed meeting could make sense for borrowers right now. sakchai vongsasiripat/Getty Images So much for improvement in the mortgage interest rate space. After dropping by around a full percentage point from January 2025 to January 2026 and after briefly hovering below the 6% mark as late as … Read more
A consistently rising inflation rate is likely to adversely impact mortgage interest rates. rawintanpin/Getty Images Another month, another report showing inflation surging. The inflation rate moved to 4.2% in May, the Bureau of Labor Statistics reported on Wednesday. That’s up from the 3.8% it sat at in May and is now more than two full … Read more
Borrowers will need to take a strategic approach in today’s elevated mortgage interest rate climate. sakchai vongsasiripat/Getty Images The mortgage interest rate environment is constantly changing, and it’s doing so in noticeable ways. Case in point: Mortgage rates dropped by around a full percentage point in 2025, down from the approximate 7% they started the … Read more
Elevated mortgage interest rates could have an impact on home prices this year. Getty Images/iStockphoto If you’ve been waiting this past year for mortgage rates to drop before buying a home, it’s understandable if your patience is wearing thin. Whenever rates have cooled, they haven’t stayed down for long. According to FreddieMac data, the average … Read more
Searching for low mortgage interest rates has become more challenging for borrowers in recent months. Pakorn Supajitsoontorn/Getty Images Mortgage interest rates declined by around a full percentage point in 2025. At 7.04% in January 2025, according to historical FreddieMac data, the average rate on a 30-year term fell to 6.06% by January 15, 2026. And that … Read more
Mortgage rates could shift this summer, so homebuyers should stay attuned to what experts think will happen. Muhammad Aqib/Getty Images For much of the last year, homebuyers have been waiting for a meaningful break on mortgage rates. Instead, they’ve faced a market that seems stuck in place, with mortgage loan borrowing costs remaining high and … Read more
Borrowers need to know which mortgage rate mistakes to protect themselves from this June. dontree_m/Getty Images With a new unemployment report scheduled for release this week, a new inflation reading slated to be released next week and a Federal Reserve meeting on the calendar for June 16 — the first such meeting since April — … Read more
A mortgage interest rate lock could be advantageous for buyers and owners looking to refinance now. Pla2na/Getty Images Around 99%. That’s the likelihood that the Federal Reserve will continue to keep interest rates on pause when it meets again on June 16 and June 17, according to the CME Group’s FedWatch tool. Now at a … Read more
Homebuyers may be able to secure better mortgage terms than the national average, even in today’s landscape. Saifulasmee Chede/Getty Images For much of the last year, prospective homebuyers have been caught between two major affordability challenges: elevated home prices and stubbornly high mortgage rates. While many potential homebuyers had hoped that borrowing costs would fall … Read more
There are multiple dates on the June calendar on which mortgage interest rates could change again. Nora Carol Photography/Getty Images Whether you’re a homebuyer or an owner looking to refinance, you probably haven’t had much luck in the mortgage interest rate climate in recent weeks. After rates gradually but consistently declined in 2025, the reverse … Read more