Mortgage rates for October 23, 2024, are around 6.35%, according to Zillow data.  Rates have been elevated this month, and they may not drop in the near term.  In 2025, mortgage rates should ease as inflation slows and the Fed lowers its benchmark rate.

As of Oct. 22, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.75%, which is 0.12 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is 0.13 percentage points higher than yesterday.

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What’s wrong with this picture,” prospective homebuyers may be asking. The Federal Reserve cut interest rates by .50% but mortgage rates have risen for th

Mortgage rates for October 22, 2024, are around 6.35%, according to Zillow data.  Mortgage rates have increased thanks to strong jobs data and shifting expectations around Fed rate cuts. Next year, rates should go down.

The median home price dropped from $429,990 in August to $425,000 in September. Mortgage rates rose to 6.44% this week for a 30-year fixed loan, up from 6.32% last week. What impact do these changes have on your monthly mortgage payment?

These are today's mortgage and refinance rates. Mortgage rates are up this month, but they're still down over a full percentage point from last year.