30-Year Mortgage Rate Rises Above 7% for First Time Since May

Jan 16, 2025  · The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and ...


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30-Year Mortgage Rate Rises Above 7% For First Time Since May

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Jan 16, 2025  · The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on Thursday, extending a weekslong climb that could push more buyers and ...

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Mortgage Rates Rise Above 7% For First Time Since May - MSN

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Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time since May as the housing market continues to struggle.

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Mortgage Rates Climb Above 7% To Highest Level Since May

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Jan 16, 2025  · Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, …

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Mortgage Rates Rise Above 7% For The First Time Since May - Axios

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Jan 16, 2025  · Mortgage rates topped 7% for the first time since May 2024, according to Freddie Mac data out Thursday.. Why it matters: Elevated mortgage rates are sidelining many …

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Mortgage Rates Rise Above 7% — A First Since May - MSN

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Mortgage rates topped 7% for the first time since May 2024, according to Freddie Mac data out Thursday. Why it matters: Elevated mortgage rates are sidelining many homebuyers and …

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Mortgage Rates Top 7% For First Time Since Mid-2024 - MSN

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Mortgage rates rose above 7% for the first time since mid-2024, an early setback for a housing market that is coming off two consecutive years of poor sales. The average rate on the …

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Mortgage Rates Hit 7%, Posing Another Challenge For Homebuyers

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Jan 16, 2025  · Fed cuts were supposed to lower mortgage rates, but they're back above 7%. Here's why. January 16, 2025 2:32 PM ET. ... Mortgage rates hit 7% for the first time since …

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Mortgage Rates Top 7% For First Time Since Mid-2024 - WSJ

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The average rate on the standard 30-year fixed mortgage rose to 7.04% this week, according to a survey of lenders by mortgage-finance giant Freddie Mac. That marked the first time since …

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Average Mortgage Rate Tops 7% For First Time Since May

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Jan 16, 2025  · 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, …

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Mortgage Rates Rise Past A Key Mark, Signaling Bad News

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Jan 16, 2025  · The 30-year mortgage rate inched up to the highest level since May 2024. It averaged 7.04% as of Jan. 16, according to data released by Freddie Mac on Thursday. …

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Fed Cuts Were Supposed To Lower Mortgage Rates, But They're Back …

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Jan 17, 2025  · Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. The climbing mortgage rates come even …

opb.org

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Mortgage Rates Surge Back Above 7% After Strong Jobs Report

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Jan 16, 2025  · “Mortgage rates ticked up for the fifth consecutive week and crossed 7% for the first time since May of 2024,” says Sam Khater, Freddie Mac’s chief economist. “The …

realtor.com

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Average Rate On 30-year Mortgage Hits 7% After 5th Straight …

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Jan 16, 2025  · 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, …

apnews.com

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Mortgage Rates Have Climbed Above 7%. Here's How We Got Here …

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Jan 16, 2025  · Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. The climbing mortgage rates come even …

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How High Are Mortgage Rates? – Deseret News

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Jan 16, 2025  · Mortgage rates are above 7% for the first time since May. ... That average was at its lowest point last year in mid-September at 6.09% but had reached as high as 7.22% in …

deseret.com

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Average Long-term US Mortgage Rate Climbs Above 7% | AP News

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Other economists also expect that mortgage rates will ease moderately later this year, with forecasts generally calling for the average rate to remain above 6%. Mortgage rates have now …

apnews.com

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Mortgage Rates Top 7%, Soar To Highest Level Since May - New …

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Jan 16, 2025  · The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May. alpegor – stock.adobe.com

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Mortgage Rates Continue Rising, Notching A New 7-Month High

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Jan 14, 2025  · Rates on 15-year mortgages added 6 basis points Monday for a new average of 6.28%—also their highest level since May. Like its 30-year sibling, the 15-year average fell to …

investopedia.com

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Current 15-Year Mortgage Rates - The Wall Street Journal

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1 day ago  · Mortgage rates in general have trended downward from an October 2023 peak — back then, 15-year rates were just over 7.00% — but have risen sharply since the Federal …

wsj.com

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Today's Mortgage Rates By State – Feb. 4, 2025 - Investopedia

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3 days ago  · How We Track Mortgage Rates . The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e., a …

investopedia.com

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Mortgage Rates Climb Above 7% To Highest Level Since May - MSN

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Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed ...

msn.com

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Today’s Mortgage Refinance Rates: February 6, 2025 - Forbes

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2 days ago  · The average interest rate for a 30-year, fixed-rate jumbo mortgage refinance (a loan above the federal conforming loan limit of $806,500 in most places) declined week-over-week …

forbes.com

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Long-term Mortgage Rates Surpass 7% For The First Time Since May …

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Long-term mortgage rates crossed the 7% mark for the first time since May 2024, the latest Freddie Mac Primary Mortgage Survey showed. 30-year fixed-rate mortgages averaged 7.04% …

msn.com

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Mortgage Rates Drop To 6.89% After Trump's Tariff U-Turn

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1 day ago  · The average mortgage rate on 30-year fixed home loans dropped to 6.89% for the week ending Jan. 30, after Trump reversed course on tariffs.

realtor.com

FAQs about 30-Year Mortgage Rate Rises Above 7% for First Time Since May Coupon?

Why did mortgage rates top 7% this week?

Link Copied! Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges. The average rate on a standard, 30-year fixed mortgage was 7.04% in the week ending January 16, according to a survey of lenders released Thursday by Freddie Mac. ...

How much has the mortgage rate risen this week?

It has risen for five straight weeks. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also rose this week. The average rate increased to 6.27% from 6.14% last week. A year ago, it averaged 5.76%, Freddie Mac said. ...

Why did mortgage rates hit 7%?

Fed cuts were supposed to lower mortgage rates, but they're back above 7%. Here's why Mortgage rates hit 7% for the first time since May, marking another challenge for prospective homebuyers. Mortgage rates hit 7% for the first time since May 2024 on Thursday, providing another drag in an already tough housing market. ...

Why have mortgage rates Risen 3 weeks in a row?

Mortgage rates have now risen three weeks in a row, a setback for home shoppers this spring homebuying season, traditionally the housing market’s busiest time of the year. Sales of previously occupied U.S. homes fell last month as home shoppers contended with elevated mortgage rates and rising prices. ...

What's going on with the average mortgage rate?

(AP Photo/Nam Y. Huh) LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. ...

Are 30-year mortgage rates a sign of a tight housing market?

Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market. ...

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