Mortgage Rates Inch Up to Nearly 7%—the Highest in 6 Months Even as Pending Home Sales Rise
The post Mortgage Rates Inch Up to Nearly 7%—the Highest in 6 Months Even as Pending Home Sales Rise appeared first on Real Estate News & Insights | realtor.com®.
Mortgage rates rise to highest point in nearly 6 months
The mortgage rate in crease is occurring with the price of homes increasing steadily and pending property deals on the rise.
Mortgage Rates Hit Six-Month High
According to Freddie Mac’s Primary Mortgage Market Survey (PMMS ®), as of January 2, 2025, mortgage rates have surged to their highest point in nearly six months, with the 30-year fixed-rate mortgage (FRM) averaging 6.
Mortgage Rates Soar Near 7%: What This Means for the Housing Market in 2025
Affordability hits a wall as rates climb--investors need a new strategy for navigating this challenging market
Average Rate for 30-Year Mortgage Reaches 6-Month High
The average rate for a 30-year mortgage climbed to 6.91 percent from 6.58 last week, mortgage buyer Freddie Mac said Thursday.
Mortgage rates inch closer to 7% to close out 2024
Mortgage rates are climbing again, in yet another unwelcome sign to homebuyers. The standard, 30-year fixed-rate mortgage averaged just shy of 7% in the final week of 2024 ending on January 2, according to data from mortgage financing giant Freddie Mac.
US 30-year fixed-rate mortgage flirts with 7%
U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary.
Mortgage Rates Reach Highest Point Since July
Inching up to just shy of seven percent, mortgage rates reached their highest point in nearly six months,” said Sam Khater, Freddie Mac’s Chief Economist. “Compared to this time last year, rates are elevated and the market’s affordability headwinds persist.
Mortgage rates kick off 2025 with an increase, nearing 7%
Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising to just under 7% as the housing market remains stalled.
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