Mortgage interest rates this spring could be low enough to support purchase or refinance activity from borrowers. alabn/Getty Images March began with a series of questions for borrowers, the answers of which had the potential to change the mortgage interest rate climate. Last week, an unemployment report that showed a rise in the rate and … Read more
Developments this spring have the potential to impact mortgage interest rates in both directions. fatido/Getty Images The housing market has been a waiting game in recent years. Americans watched rates peak at 7.76% in late 2023, then creep slowly downward to where they are today. Through it all, sidelined buyers have been hoping the right … Read more
Mortgage interest rates have been gradually declining over the past year, but will that continue this March? Getty Images/iStockphoto Heading into March, there were multiple items borrowers were monitoring that could impact their mortgage rate offers. The first, the unemployment report for February, was released on March 6, and it showed an uptick in the … Read more
Today’s mortgage interest rates may be low enough to support purchase or refinancing activity from borrowers. Getty Images/iStockphoto With an unemployment report showing a rise in the rate last week and a new inflation report set to be released on Wednesday, there are plenty of questions surrounding the interest rate climate right now. Add in … Read more
Today’s mortgage interest rates may be low enough to support purchase or refinancing activity from borrowers. Kirpal Kooner/Getty Images Shopping around for mortgage interest rates is integral to the purchase or refinancing process for borrowers. Unfortunately, in recent years, it’s also been a discouraging one, as a combination of high inflation and high interest rates … Read more
Mortgage interest rates may now be low enough to support purchase or refinancing activity from borrowers. carlofranco/Getty Images An unemployment report released on Friday showed a loss of 92,000 jobs in February, and that, in turn, caused an increase in the unemployment rate to 4.4%. After a report last month had shown a decline here, … Read more
Mortgage rates are edging up on Thursday amid renewed inflation fears tied to the war in Iran. The average national rate for a 30-year fixed-rate mortgage rose to 6%, up modestly from 5.98% last week, the lowest since September 2022, according to new data from Freddie Mac. Home loan costs remain far lower than a year ago, when … Read more
Mortgage interest rates have improved for buyers and current owners hoping to refinance their existing loans. Grace Cary/Getty Images News at the end of February that FreddieMac now had average mortgage interest rates listed under 6% may have been surprising to some borrowers, but for others, it wasn’t all that shocking. Mortgage interest rates, depending … Read more
As mortgage rates recede to their lowest levels in years, experts say that shopping around for the right loan could save first-time home buyers tens of thousands of dollars. The average rate for a conventional 30-year mortgage across the U.S. fell this week below 6%, down almost an entire percentage point from January of 2025 and … Read more
Mortgage interest rates have considerably declined over the past year, but could they actually fall all the way back to 3%? Getty Images/iStockphoto The week of September 8, 2022. That was the last time in which FreddieMac, the Federal Home Loan Mortgage Corporation, had the average 30-year mortgage interest rate listed under 6%. Until this … Read more