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Mortgage rates surge to 6.85%, highest since Jul.
30-Year Mortgage Rates Hold at Highest Level Since July
After surging to a five-month high before the holiday, 30-year mortgages held steady Thursday. Rate movement was mixed across other loan types.
Mortgage Rate Predictions: Holiday Week Brings Higher Rates
Although experts optimistically predicted rates would fall close to 6% by the end of 2024, projections have changed significantly. Fannie Mae now expects average 30-year fixed mortgage rates to hold above 6.5% until early 2025.
Mortgage rates rise for second straight week, highest since July
Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.85%, up from last week's reading of 6.72%. The average rate on a 30-year loan was 6.61% a year ago.
13h
on MSN
Today's Mortgage Rates | Rates May Not Drop As Much As Expected Next Year
These are today's mortgage and refinance rates. Mortgage rates remain elevated and they may not drop as much as expected next ...
7h
on MSN
What 2025 holds for interest rates, inflation and the American consumer
However, elevated debt balances, given increased consumer spending, suggest some Americans are under financial stress even ...
1d
on MSN
Mortgage rates end 2024 on a high note – unfortunately for the housing market
In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The ...
13h
Dollar set for big annual gain as traders brace for high US rates
The U.S. dollar was headed for an almost 7% annual gain while Japan's yen was set for a fourth consecutive year of losses on ...
5h
on MSN
The Fed Policy Committee Gets Four New Voters. How They Lean on Rates.
Fed Chair Powell has signaled a slower pace of interest-rate decreases in 2025. These voters rotating in could help shape ...
5h
on MSN
Homelessness rates jumped by double digits in 2024 as Americans battled to afford housing
"It's just one point in time, it's a picture, a photograph, as opposed to a video" Ruege said.
Barron's on MSN
1d
Mortgage Rates Are Ending the Year Higher. Why That’s Not All Bad News for Home Buyers.
Mortgage
rates
are ending 2024 higher than they began. It’s not all bad
news
for home buyers next year. Freddie Mac’s ...
1d
on MSN
What's the Outlook for Interest Rates in 2025?
Key Takeaways The Federal Reserve expects to cut its influential federal funds rate at a slower pace in the new year than ...
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