Here Are Today’s Refinance Rates: January 17, 2025—Rates Cool Off
The rate on a 30-year fixed refinance dropped today. The average rate for refinancing a 30-year fixed mortgage is currently 7.42%, according to Curinos. For refinancing a 15-year mortgage, the average rate is 6.
Mortgage rates are at the highest level in nearly 8 months. So why are some people refinancing?
The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.
Refinance Rates Wavering Near 5-Month High
After inching to a new 5-month peak at the start of the week, 30-year refi rates dipped just a point Tuesday. Other refinance loan types meanwhile saw mixed movement.
Mortgage rates hit 6-month high, loan applications dwindle
“Even by the end of next year, it’s hard to see sub 6 percent mortgage rates,” said Mark Fleming, chief economist at First American, which predicts the average rate on a 30-year mortgage will range between 6% and 6.5% next year, per a report from The Hill.
Average rate on 30-year mortgage hits 7%, its fifth straight increase and highest level since May
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months. The rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie Mac said Thursday.
Refinance Rates Tick Up to Highest Level Since July
Monday, nudging the average to a new 5-month peak. Rate movement was meanwhile mixed for other refi loan types.
Mortgage rates have hit 7%. What should people searching for a home do?
Mortgage rates have hit 7%. Mark Hamrick, Washington bureau chief for Bankrate, talks about what this means for borrowers and how this will affect the housing market.
Average mortgage rate reaches 7% for first time since May
The strength of the U.S. economy helped push mortgage rates above 7% this week, dimming hopes that Long Island homebuyers will see housing affordability improve this year. The ave
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