Mortgage rates climb above 7% for 1st time in 8 months

Will Mortgage Rates and Home Prices Finally Fall This Year? Some People Think Yes
Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home prices drop. But how likely is that to really happen?
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
Mortgage Rates Top 7% for First Time Since Mid-2024
Higher rates are dimming hopes for a recovery in the sluggish housing market.
What the new inflation report means for mortgage rates
Mortgage rates have experienced fluctuations over the last few months, with a general upward trend in recent weeks. As of January 15, 2025, the average 30-year fixed-rate mortgage stands at 7.01%, reflecting a slight increase from earlier this year — and from the rates we saw in late 2024.
Today's Mortgage Rates | Sticky Inflation Is Keeping Rates Elevated Near 7%
These are today's mortgage and refinance rates. Mortgage rates are up near 7% thanks to inflation and fears that Trump could push prices up further.
Mortgage rates climb above 7% for the first time in 8 months
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a mortgage.
30-Year Mortgage Rate Rises Above 7% for First Time Since May
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 sellers to the sidelines.
Mortgage rates rise above 7% — a first since May
Axios Visuals 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 sellers.
U.S. Mortgage Rates Climb Above 7%, Highest Since May
The dream of homeownership is slipping further away for many Americans as mortgage rates continue to climb, with the 30-year fixed mortgage rate now exceeding 7%, as reported by Freddie Mac. This marks the highest point since last May and the fifth consecutive increase,
Home Builders Say Cancellations Are Climbing As Mortgage Rates Continue To Rise
Home builders say cancellations are increasing because of rising mortgage rates even as their confidence in the market rose slightly over the past month, according to a new survey. The average 30-year fixed-rate mortgage surpassed 7%,
Brazil's Haddad says high interest rates will curb inflation
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Interest rates will be one of the biggest risks to the overall market in 2025, says Noah Blackstein
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30-Year Refinance Rates Fall for a Third Day
After hitting a new 5-month peak at the start of the week, 30-year refi rates have dipped every day since. Rates moved lower ...
What savers should do now with interest rates on pause
A rise in inflation all but assures a pause in interest rate cuts. Here's what savers should do in the interim.
Why are interest rates rising when the Fed has been cutting them?
The yield on the 10-year Treasury has recently soared toward its highest level since 2023, injecting nervousness into the U.S ...
Fed to hold rates in Jan as Trump's policies stir inflation worries: Reuters poll
The U.S. Federal Reserve will hold interest rates steady on Jan. 29 and resume cutting in March, according to a slim majority ...
Mortgage rates rise past a key mark, signaling bad news for home buyers
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a ...