Mortgage rates, which surged in 2023 to the highest levels in over two decades, are expected to continue gradually falling through 2025. While economic uncertainty and inflation pushed the 30-year fixed rate above 7% in late 2023, forecasts suggest that by fall 2025, average rates could settle between 5.5% and 6.5%, assuming successful taming of…
Mortgage interest rates have remained relatively stable heading into the weekend, with the average 30-year fixed mortgage rate hovering around 6.95%. While these rates are significantly lower than the highs seen in late 2023, they still pose affordability challenges for many prospective homebuyers. Economic indicators and signals from the Federal Reserve suggest that rates could…
Mortgage interest rates remained relatively stable this week as financial markets awaited new economic data that could influence future rate changes. The average 30-year fixed mortgage rate now sits at 6.99%, just below the 7% threshold that has become the norm in recent months. Factors such as inflation, Federal Reserve policies, and employment figures are…
While the Federal Reserve is widely expected to cut interest rates soon in response to cooling inflation and a slowing job market, potential homebuyers shouldn’t assume that mortgage rates will immediately follow suit. Mortgage rates are influenced by the broader bond market, not directly tied to the Fed’s benchmark rate. Financial markets anticipated these changes…
Mortgage rates fell to their lowest point in four months as of August 8, 2025, offering a bit of relief to homebuyers and homeowners looking to refinance. The average rate on a 30-year fixed mortgage dropped to 6.90%, down from last week’s 7.02%, while 15-year fixed rates also declined to 6.21%. Experts attribute the dip…
Mortgage applications saw an overall increase in the latest report from the Mortgage Bankers Association, despite continued volatility in interest rates. Following a modest decline in average rates for 30-year fixed mortgages, both purchase and refinance applications edged up. The average rate for these loans dipped to 7.02% from the previous week’s 7.07%, prompting some…
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