Today's Mortgage Rates | Rates Are Down Slightly, but Affordability Remains an Issue
These are today's mortgage and refinance rates. Mortgage rates have eased this week, but we won't see them fall substantially until inflation slows further.
Mortgage Rates Continue to Fall, Dropping to a 6-Week Low
While mortgage rates plunged in September to a two-year low, they roared back in October and ultimately climbed to a four-month high of 6.93% in November. Though today's average is lower, it's still more than 70 basis points above the Sept. 17 low point of 5.89%.
Will mortgage rates fall in December? Here's what experts predict
"While we may see mortgage rates drop modestly in December, anyone expecting a significant change for the better may be disappointed," says Darren Tooley, senior loan officer at Cornerstone Financial Services. Change likely isn't on the horizon for a few reasons, according to Tooley.
Will mortgage rates fall below 6% in 2025? Here’s what experts say.
The 30-year mortgage rate is back at 7%. When will rates fall — and by how much? MarketWatch spoke to several economists about their 2025 forecasts. The consensus was that they expect the rate on the 30-year fixed mortgage to drop to a 6.
30-Year Mortgage Rates Drop for a Third Day
Rates for 30-year new purchase mortgages fell again, lowering the average to its cheapest level in six weeks. Rates moved lower for almost every other loan type as well.
What's the home equity loan interest rate forecast for December 2024?
The Federal Reserve is scheduled to meet December 17 and 18 and, if they change the benchmark rate, this will affect the costs at which banks access credit. This change can indirectly impact consumer loan costs. Fed rate cuts also drive changes in financial indexes used to set variable HELOC rates.
Today's Mortgage Rates | Rates Ease. But Will They Drop Further This Month?
These are today's mortgage and refinance rates. Mortgage rates are down slightly today, but where they go next depends on incoming economic data.
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