In 2024, the path to lower mortgage rates seemed relatively clear-cut: Official inflation would go down, the Federal Reserve ...
Mortgage rates inched up at the start of the year to the highest level in nearly six months, portending another tough year ...
The average rate on a 15-year fixed-rate mortgage, popular with homeowners seeking to refinance, climbed to 6.13%, up from 6% and also the highest since July. It was at 5.89% a year ago.
Mortgage costs stayed stubbornly high in 2024, with 30-year fixed rates holding well above 6% for most of the year.
While the Fed cut its policy rates by a full percentage point, long-term yields have risen by a full percentage point.
Many economists forecast the average rate on a 30-year mortgage to remain above 6% next year, with some pegging it as high as ...
After ebbing slightly at the end of last week, 30-year mortgage rates surged to a five-month high. Rate movement was mixed ...
The average rate on a 30-year mortgage is now the highest it’s been since the week of July 11, when it was at 6.89%. It dipped as low as 6.08% in September — a 2-year low — and as high as 7.22% in May ...
The Wall Street Journal's Sam Goldfarb shows in charts what went wrong. The Fed Cut Rates. Mortgage Costs Went Up. Average 30-year mortgages have climbed to around 6.7% since the Fed started ...
"I think the best case scenario is we're going to continue to see mortgage rates hover around six and a half to 7%," said Jordan Jackson, a global market strategist at J.P. Morgan Asset Management.