Here Are Today’s Refinance Rates: January 17, 2025—Rates Cool Off
The rate on a 30-year fixed refinance dropped today. The average rate for refinancing a 30-year fixed mortgage is currently 7.42%, according to Curinos. For refinancing a 15-year mortgage, the average rate is 6.
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.
Refinance Rates Wavering Near 5-Month High
After inching to a new 5-month peak at the start of the week, 30-year refi rates dipped just a point Tuesday. Other refinance loan types meanwhile saw mixed movement.
Average rate on 30-year mortgage hits 7%, its fifth straight increase and highest level since May
The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months. The rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie Mac said Thursday.
Mortgage rates have hit 7%. What should people searching for a home do?
Mortgage rates have hit 7%. Mark Hamrick, Washington bureau chief for Bankrate, talks about what this means for borrowers and how this will affect the housing market.
Refinance Rates Tick Up to Highest Level Since July
Monday, nudging the average to a new 5-month peak. Rate movement was meanwhile mixed for other refi loan types.
Average mortgage rate reaches 7% for first time since May
The strength of the U.S. economy helped push mortgage rates above 7% this week, dimming hopes that Long Island homebuyers will see housing affordability improve this year. The ave
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