Mortgage rate average sees biggest drop since September. Here's what that means for you.
Mortgage rate averages saw their biggest weekly drop since mid-September and clocked their seventh consecutive week of declines.
Mortgage applications surge 20% as buyers take advantage of falling rates
With mortgage rates at months-long lows, more homebuyers are getting off the sidelines and into the market.
Mortgage rates sink to months-long low but economist warns it may not last
Mortgage rates have slipped to their lowest averages in more than two months, an encouraging sign for homebuyers and sellers.
Sticky mortgage rates keep buyers on sidelines
Despite recent stability in the mortgage market that has reduced pressure on borrowing costs, some prospective homebuyers still appear hesitant to strike. The average weekly 30-year, fixed-rate mortgage fell slightly to 6.85% as of Thursday, according to mortgage giant Freddie Mac. Though the week-over-week decrease was minute — just a 0.02% change — it does represent the lowest average of the year. It also marks the fifth consecutive week of falling mortgage rate averages.
Thirty-year mortgage rate falls for fourth straight week
The outlook for potential homebuyers looked a bit brighter Thursday, with a downturn in a key mortgage rate helping offset less rosy news the day before about inflation.
Mortgage rates drop to lowest averages of year
After weeks of stagnation, mortgage rate averages have finally budged and trended downward. But some homebuyers aren’t yet convinced it's the right time to act.
Stagnant mortgage rates still stuck near 7%
While some homebuyers are still deterred by elevated borrowing costs, recent downward pressure on the mortgage industry has analysts hopeful for a spring thaw in the housing market.
Mortgage rates fall back below 7% in first drop in six weeks
Average mortgage rates have inched back below 7%, a key psychological hurdle for some homebuyers frustrated by persistently elevated borrowing costs.
Here's why mortgage rates continue to increase
Average mortgage rates have increased for the past six weeks, and experts say that upward pressure is likely to continue, at least for the near future.
Mortgage rates hit six-month high, inch closer to 7%
If homebuyers were expecting mortgage rates to ease this year, the first two weeks of 2025 have put a damper on those hopes as borrowing costs climbed to monthslong highs.
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