Stories Related to Rate On 30-year Mortgage Drops To Record 3.89 Pct.

Mortgage Rates

Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.

Sections:  news   business   
Topics:  housing market   mortgage   mortgage rates   refinance   
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  • 2025 Mortgage Rate Forecast: Will Homebuyers Finally Get Some Relief?
    Now, forecasts show average 30-year fixed mortgage rates hovering around the mid-6% range for a while. Logan Mohtahsami, lead analyst at HousingWire, expects rates to range between 5.75% and 7.25% ...
    12/19/2024 - 7:00 pm | View Link
  • Mortgage demand drops for the first time in 5 weeks, after interest rates rise
    The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.75% from 6.67% Refinance demand fell 3% for the week. Applications ...
    12/17/2024 - 11:00 pm | View Link
  • Mortgage rate history: 1970s to 2024
    By 2022, the Federal Reserve began raising its benchmark interest rate to cool pandemic-spurred inflation, and mortgage rates followed suit. Fast-forward to October 2023, and the ...
    12/16/2024 - 11:09 pm | View Link
  • ICE Mortgage Monitor: Record Levels of Tappable Equity, Fed Rate Cuts Could Spur Resurgence in Home Equity Withdrawals
    Though 30-year interest ... in total mortgage holder equity is slowing along with home prices, Q3’s $17.2T, up 5% from last year, represents another seasonally adjusted record high,” said ...
    11/3/2024 - 8:00 pm | View Link
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