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. 01/19/2025 - 11:30 am | View Link
Mortgage Applications Improved Even as Rates Moved Higher There hasn't been meaningful change in economic data that measures activity in the housing and mortgage markets. In a nutshell, activity has been drifting along at long-term lows. The weekly survey ... 01/15/2025 - 3:48 am | View Link
Current Refinance Rates: January 9, 2025—Rates Rise The rate on a 30-year fixed refinance rose today. Refinancing rates for a 30-year, fixed-mortgage are averaging 7.44%, according to Curinos. For 15-year fixed mortgages, the average refinance rate is ... 01/8/2025 - 9:02 pm | View Link
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 ... 01/8/2025 - 6:45 am | View Link
Mortgage Applications Drop As Interest Rates Rise Mortgage applications fell 3.7% for the week ending January 3, 2025, according to the Mortgage Bankers Association (MBA)'s Weekly Mortgage Application Survey. 01/8/2025 - 2:58 am | View Link
By Matt Geiger, BusinessDen
A Minnesota developer is looking to make a stop in Central Park.
Peter Brodd submitted plans to the city last week for an 18-story, 201-unit apartment building on part of the parking for the Regional Transportation District’s Central Park Station.
The proposal, drawn up by Minneapolis architect Urban Works, calls for a mix of units ranging from 350 to 1,300 square feet inside a 380,000-square-foot building.
The Tesla Cybertruck seized by police in England last week. GMPPolice in England last week seized a Cybertruck as they are not legal to drive on UK roads. The Tesla vehicle is not on sale in Europe, and attempts to import it are not going well. The Cybertruck's weight and sharp edges mean it is unlikely to win European approval anytime soon.
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British Airways was transporting gold jewelry from Bahrain to Chicago. Robert Nickelsberg/Getty ImagesAlmost 20 pounds of gold jewelry went missing from a British Airways plane in Chicago. Two employees from a ground handling firm were prosecuted on suspicion of theft over the incident. BA is asking for compensation after a Bahraini court ordered the airline to pay back the jeweler.
The offers and details on this page may have updated or changed since the time of publication. See our article on Business Insider for current information. Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details).
Homebuyers may have more success this year, but the bar is very low.halbergman/Getty ImagesLast year was the toughest for entry-level home affordability in four decades. Prospective buyers have reasons to be hopeful, but mortgage rates aren't among them. Here's what top real-estate analyst Ivy Zelman thinks will happen in 2025.