Mortgage

Mortgage rates leveled off this week after climbing for six consecutives weeks, stalling along with demand in the stagnant housing market amid an affordability crisis.

The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.

Mortgage rates rose for the sixth straight week with the 30-year fixed rate average hitting 6.79%, as purchase demand continues to weaken in the stagnant housing market.

Mortgage rates moved higher for the fifth straight week, pushing the average rate for a 30-year fixed-rate mortgage to 6.72% and the 15-year note to 5.99%.

Mortgage rates have climbed higher for a month straight, pushing down demand as more Americans become priced out of the housing market due to high rates and home prices.

Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.

Mortgage rates climbed again for a third straight week, further dinging demand as the housing market continues to suffer from an affordability crisis.

Inflation rose by 2.4% in the last 12 months, the lowest increase in the last three years.

Mortgage rates rose sharply this week in their biggest jump since April, bringing the average rate for a 30-year fixed note to 6.32% as demand fell for a second straight week.

Realtor.com broke down the top 10 real estate markets that are likely to see the most impact from falling mortgage rates. Topping the list is Washington, D.C.

Mortgage rates climbed slightly this week, with the average for both 30- and 15-year fixed-rate notes rising as the housing market remains largely stalled.

Housing market has had little movement thanks to elevated mortgage rates and high home prices coupled with economic and political uncertainty, Redfin economists said.

Mortgage rates showed little movement this week with 15-year mortgages ticking up, but the average 30-year fixed-rate mortgage inched down to the lowest level since 2022.

Mortgage rates fell again this week with the benchmark 30-year note marching closer to 6%, but the market remains stalled as potential buyers and sellers wait for steeper declines.

Potential homebuyers and sellers have been holding off on making a move amid elevated mortgage rates and sky-high prices. But will the Federal Reserve's rate cut make a difference?

Mortgage rates fell this week to their lowest level since February 2023, but not far enough to spur on the housing market amid high home prices and still-elevated rates.

The average rate for a 30-year fixed mortgage remained unchanged at 6.35% this week, failing to spur on purchase demand as many would-be buyers hold out.

The average rates for both 30- and 15-year fixed mortgages continued to decline this week but still remain too elevated to spark significant movement in the housing market.

Mortage rates declined slightly this week but the average rate on a 30-year fixed mortgage remains around the mid-6% range, as many would-be buyers hold out for a further drop.

Refinance applications soared 35% last week in response to a sharp drop in mortgage rates, which are at their lowest levels in more than a year, but experts say the surge may not last.