Mortgage Rates Climb Again
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Industry experts generally don't foresee meaningful mortgage rate drops right after the July Fed meeting. The reason behind that sentiment comes down to how mortgage rates work .
Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what’s next for Fed rate cuts, labor data and inflation. While average 30-year fixed mortgage rates have remained close to 7%,
Mortgage rates today are steady, but loan demand fell 10% after recent rate increases. See what’s driving today’s trends.
After a historical rate plunge in August 2021, mortgage rates skyrocketed in the first half of 2022. The 30-year average shot to 6.38% by June 2022, which was more than double the rate of 2.89% ...
Mortgage rates tend to fluctuate day by day. So if you’re planning to buy a home, it’s a good idea to keep a close watch on interest rates and weigh various mortgage options. One common type of mortgage is a conventional loan with a 15-year fixed interest rate.
Historic mortgage rate trends. During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%.
After a historical rate plunge in August 2021, mortgage rates skyrocketed in the first half of 2022. Indeed, the 30-year average's mid-June peak of 6.38% was almost 3.5 percentage points above its ...