Mortgage Rates, Fed
Mortgage Rates Today, Oct. 22: Median Rate Rises to 6.75%
As of Oct. 22, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.75%, which is 0.12 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is 0.13 percentage points higher than yesterday.
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts
The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That rate is a quarter-point higher than it was two weeks ago.
Homebuyers are stuck as mortgage rates defy Fed’s rate cut
The impact? It’s been pretty much as expected: a boost for stock market investors and so-so news for savers. But for prospective homebuyers, it’s brought more frustration: Mortgage rates have actually risen in recent weeks. Statewide, the median home price jumped 6.2 percent, to $600,000, as sales fell 3.7 percent.
Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August.
Mortgage rate hits the highest level in months
Generally, higher rates reflect the strength in the economy, which helps support the housing market. But as mortgage rates rise, they can also add hundreds of dollars a month in costs for borrowers, reducing home shoppers’ purchasing power as they navigate a housing market with prices near all-time highs.
Why the Fed Cut Rates and Mortgage Rates Jumped
On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 basis points. Since then, mortgage rates have gone higher. This is not obviously an intuitive thing to happen.
Why are mortgage rates rising after Fed cut interest rates last month?
The Fed announced first rate cut in a long time last month, but the mortgage rates have continued to rise. Why is this? Here's why.
Today’s 30-year mortgage interest rates hold at 6.63%, while 15-year mortgage rates fall to 5.75%
The median interest rate on a 30-year fixed-rate mortgage is 6.63% as of October 21, which is unchanged from Friday.
Today's Mortgage Rates, October 22, 2024 | Why the Strong Labor Market is Keeping Rates High
These are today's mortgage and refinance rates. Mortgage rates are elevated this month in response to stronger-than-expected ...
What is a mortgage interest rate modification and how do you get it?
A mortgage rate modification could make sense if your mortgage payments or current rate are higher than you'd like.
How to use a mortgage rate lock to secure a low interest rate
A mortgage rate lock guarantees you’ll receive the interest rate on the date you locked in the rate, even if rates change ...
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons
If you claim the mortgage interest tax deduction, the effective interest rate you’re paying on your mortgage is reduced by ...
3 big risks of waiting for mortgage interest rates to fall
While trying to time the market may land you a better interest rate, it can also come with some risks to consider.
Today’s 15- and 30-year mortgage interest rates remain unchanged at 5.75% and 6.50%, respectively
The median interest rate on a 30-year fixed-rate mortgage is 6.50% as of October 17, which is unchanged from yesterday.