Mortgage Rates Drop Today—the Lowest It's Been in 2 Months
"This week, mortgage rates decreased to their lowest level in over two months," says Freddie Mac Chief Economist Sam Khater. "The drop in mortgage rates, combined with modestly improving inventory, is an encouraging sign for consumers in the market to buy a home."
Mortgage Rates Have Now Dropped Every Day for a Week
Rates on 30-year new purchase mortgages dropped for a fifth day Thursday, slipping another 3 basis points to create a week-long decline of 23 points. The current average of 6.60% establishes a new low point for this year, with the last time rates were cheaper being two weeks before Christmas.
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Weekly Mortgage Rate Predictions for March 3-9, 2025Mortgage rates have fallen more than a quarter of a percentage point (0.25%) since mid-January. The average rate on a 30-year ...
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Mortgage rates shot up to nearly 8% in late 2023, dipped to 6% last fall, rose to above 7% in mid-January and declined again recently.
Sellers are being forced to drop home prices because of continued high mortgage rates and more days of sitting on the market.
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Homebuilder stocks are in a bear market, as lower mortgage rates and continued rate discounts haven’t improved demand.
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The Fed is currently neutral on interest rates but could resume cuts later this year. If you're house hunting, here's how ...
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The average rate on a 30-year mortgage is now at its lowest level since Dec. 19, when it was also 6.72%. It briefly fell to a ...
These are today's mortgage and refinance rates. Mortgage rates dropped substantially this week, and they may remain low in ...
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