Mortgage rates have inched downward to close out the week of October 28, 2025, offering a modest reprieve to prospective homebuyers. The average rate for a 30-year fixed mortgage sits at 7.94%, while 15-year fixed-rate mortgages are averaging 7.23%. Adjustable-rate mortgages, such as the 5/1 ARM, are seeing average rates around 6.84%. Although rates remain…
Mortgage interest rates remain a critical focus ahead of the Federal Reserve’s October meeting. While the Fed doesn’t directly set mortgage rates, its decisions on the federal funds rate have a significant influence on long-term lending products like mortgages. In recent months, as inflation pressures persist and the economy shows resilience, financial markets have speculated…
Mortgage refinance rates experienced subtle shifts as of October 24, with the average 30-year fixed refinance rate rising slightly to 7.78%, while the 15-year fixed refinance rate remained level at 7.03%. Rates for 30-year jumbo loan refinancing also dipped marginally to 7.78%. These numbers reflect ongoing uncertainty in the broader economy, influenced by inflation concerns…
Mortgage interest rates saw mixed shifts as of October 25, 2023, with the 30-year fixed-rate mortgage inching up to 7.69%, while the 15-year fixed rate held steady at 6.95%. These rates remain elevated compared to this time last year, continuing to pose challenges for potential homebuyers and those looking to refinance. Fluctuating rates are largely…
Mortgage interest rates have remained stubbornly high in recent months, despite some signs of cooling inflation. Many economists and housing analysts are watching the Federal Reserve’s next move closely, as investors speculate whether borrowing costs could ease prior to the Fed’s October meeting. While the central bank has paused rate increases in consecutive meetings, mortgage…
Mortgage interest rates have taken another dip, giving potential homebuyers a renewed opportunity to enter the housing market or refinance at more favorable terms. According to Freddie Mac, the average rate for a 30-year fixed mortgage recently fell slightly to 6.88%, down from the prior week. Experts note that while these rates remain historically high…
Mortgage rates have seen a slight drop as of October 14, 2025, with the 30-year fixed-rate mortgage now averaging 7.71%, down from 7.74% the previous day. Meanwhile, the 15-year fixed-rate mortgage also dipped slightly to 6.98%. Despite these minor decreases, rates remain historically high, impacting affordability for buyers and reshaping the housing market landscape. Homeowners…
Mortgage refinance interest rates are seeing notable fluctuations this October, with the average 30-year fixed refinance rate hovering around 7.72%, according to data from Bankrate. While this is slightly lower than the highs seen earlier in the year, it’s still considerably above the historically low rates of recent years. Experts suggest comparing multiple loan offers…
Mortgage rates have seen slight fluctuations, with the average 30-year fixed mortgage rate currently sitting at 7.37%, up slightly from the previous day’s average. At the same time, 15-year fixed mortgage rates are averaging 6.67%. Homebuyers continue to face challenges from both high interest rates and elevated home prices, making affordability a key issue in…
Mortgage interest rates held relatively steady as of Friday, October 6, 2023, with the 30-year fixed-rate mortgage averaging 7.61%, up slightly from the day prior. In comparison, the 15-year fixed rate hovered around 6.87%, while the 5/1 adjustable-rate mortgage (ARM) landed at approximately 6.37%. Although rates remain elevated compared to recent years, they are still…