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Mortgage rates surge to 6.85%, highest since Jul.
30-Year Mortgage Rates Hold at Highest Level Since July
After surging to a five-month high before the holiday, 30-year mortgages held steady Thursday. Rate movement was mixed across other loan types.
Mortgage rates end 2024 on a high note – unfortunately for the housing market
In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The popular loan product averaged 6.72% throughout the year, compared to 6.81% throughout 2023, even as the Federal Reserve cut its benchmark interest rate three times in 2024.
Average mortgage rates close 2024 at the highest since July
The housing market will end the year with its highest 30-year mortgage rate since July at 6.85%, according to data from Freddie Mac.
14h
on MSN
Today's Mortgage Rates | Rates May Not Drop As Much As Expected Next Year
These are today's mortgage and refinance rates. Mortgage rates remain elevated and they may not drop as much as expected next ...
9h
on MSN
What 2025 holds for interest rates, inflation and the American consumer
However, elevated debt balances, given increased consumer spending, suggest some Americans are under financial stress even ...
CNET on MSN
3h
Mortgage Rate Predictions: Holiday Week Brings Higher Rates
Although experts optimistically predicted rates would fall close to 6% by the end of 2024, projections have changed ...
6h
on MSN
Homelessness rates jumped by double digits in 2024 as Americans battled to afford housing
"It's just one point in time, it's a picture, a photograph, as opposed to a video" Ruege said.
6h
on MSN
The Fed Policy Committee Gets Four New Voters. How They Lean on Rates.
Fed Chair Powell has signaled a slower pace of interest-rate decreases in 2025. These voters rotating in could help shape ...
14h
Dollar set for big annual gain as traders brace for high US rates
The U.S. dollar was headed for an almost 7% annual gain while Japan's yen was set for a fourth consecutive year of losses on ...
Barron's on MSN
1d
Mortgage Rates Are Ending the Year Higher. Why That’s Not All Bad News for Home Buyers.
Mortgage
rates
are ending 2024 higher than they began. It’s not all bad
news
for home buyers next year. Freddie Mac’s ...
1d
on MSN
What's the Outlook for Interest Rates in 2025?
Key Takeaways The Federal Reserve expects to cut its influential federal funds rate at a slower pace in the new year than ...
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