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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.
Moneywise on MSN
5h
This under-the-radar mortgage hack is saving some Americans thousands of dollars per year — here's what you need to know before talking to your lender
With this in mind, homeowners can ask for a
mortgage
rate modification. This is an agreement between a borrower and their ...
1d
on MSN
4 types of borrowers that should refinance their mortgage loans now, experts say
"A borrower who originated a 5/1 adjustable-rate mortgage (ARM) coming up for adjustment is a good candidate to consider a ...
6h
on MSN
Today's Mortgage Rates | Rates Are Elevated, and It May Be a While Before They Drop
These are today's mortgage and refinance rates. Mortgage rates went up after last week's Fed meeting, and they may only ease ...
5d
The 7 types of mortgage refinancing
A refinancing replaces your existing mortgage with a new one while a second mortgage is taken out in addition to your ...
11d
on MSN
Home equity loan vs. mortgage refinance: Which will be better in 2025?
Both have unique features for homeowners now. Here's how to determine which is better for you going into 2025.
1d
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 ...
2d
Looking to refinance your FHA mortgage? Make it easier and cheaper with a streamline refinance.
If you have an FHA, VA, or USDA home loan, a streamline refinance mortgage could lower your fees and get it done faster.
1d
on MSN
My 35-year-old son works as a contractor and is struggling to get approval for a mortgage. He’s asked for a loan to help him build his own house on land we own …
If you have a child who’s struggling to get approved for a mortgage due to their variable income, you may be inclined to help ...
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