The current average mortgage rate on a 30-year fixed mortgage is 7.30% with an APR of 7.32%, according to Curinos. The 15-year fixed mortgage has an average rate of 6.53% with an APR of 6.56%. On a 30-year jumbo mortgage,

The National Association of Realtors predicts mortgage rates will be around 6 percent in 2025. Meanwhile, Redfin predicts mortgage rates will remain in the high-6 percent range throughout 2025, with the weekly average rate fluctuating throughout the year but averaging around 6.8 percent.

Rates on 30-year mortgage refinance loans edged up another 3 basis points Monday, pushing the average up to 7.15%. That's just 4 basis points under the 7.19% reading notched on Dec. 24, which was the most expensive level for 30-year refi rates since late July.

Mortgage rates are starting 2025 at the highest they've been since last summer on expectations that the Fed will keep rates higher longer.

At HousingWire ’s Mortgage Rates Center on Tuesday, the 30-year fixed rate averaged 7.09%. That was up 2 basis points (bps) from a week ago. The 15-year fixed rate was slightly higher at 7.11% and was up 11 bps in the past week.

We came into the current week knowing that rates would take cues from any clear cues in this week's economic data.  In general, that means higher rates in response to stronger data or lower rates if the data is weaker.

The post Mortgage Rates Inch Up to Nearly 7%—the Highest in 6 Months Even as Pending Home Sales Rise appeared first on Real Estate News & Insights | realtor.com®.

As we step into the new year, with the presidential inauguration on the horizon, many are wondering about the direction of interest rates.

There aren't likely to be any dramatic dips in mortgage rates in the near future. New year, new housing market? Not exactly. In early 2025, affordability remains a major challenge for prospective homebuyers,