Average Rate on 30-Year Mortgage Drops Slightly

Mortgage Rate Predictions for Week of Nov. 18-24, 2024
Before Powell's remarks last week, financial markets were betting on another 0.25% rate cut on Dec. 18. Now, it's a coin flip. While the Fed wants to avoid keeping borrowing rates too high — which could tip the economy into a recession — it's also wary of cutting interest rates too quickly only to see inflation reheat.
Today’s 30-year mortgage interest rates drop to 6.88% while 15-year terms fall to 6.13%
Thinking about taking out a mortgage loan? Current mortgage rates fall to 6.88% for 30-year terms, while 15-year terms decrease to 6.13%.
Average Rate on 30-Year Mortgage Drops Slightly After 6 Weeks of Increases
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May. In late September, the average rate dipped to 6.08 percent, the lowest level in two years, after the Federal Reserve cut interest rates. But mortgage rates have since crept higher until this week.
Average rate on a 30-year mortgage slips for first time in weeks
Real Estate News Average rate on a 30-year mortgage slips for first time in weeks Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance the
The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago,

Fed, Mortgage

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