Here's why mortgage rates continue to increase - Homes.com

Jan 16, 2025 · Daily measures of mortgage rates have shown a little more volatility, bouncing up and down in the last few weeks. On Wednesday, for example, the daily 30-year, fixed-rate mortgage fell about 0.12%. Even so, according to Mortgage News Daily, that figure has stayed …

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Here's Why Mortgage Rates Continue To Increase - Homes.com

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Mortgage Rates Are Still Going Up—Here's Why - Newsweek

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Oct 30, 2024 · Residential housing in the suburban area of northwest Reno, Nevada, on May 8, 2024. The 30-year fixed mortgage rate hit the 7% mark on Monday, the highest level since the …

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Why Mortgage Rates Are Still High Despite The Fed Rate Cuts

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Jan 14, 2025 · Why mortgage rates are still high despite the Fed rate cuts According to Freddie Mac data, the average rate on a 30-year, fixed-rate mortgage is 7.01% as of January 14, 2025.

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Mortgage Rates Hit Six-month High, Inch Closer To 7% - Homes.com

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Jan 9, 2025 · For example, if a buyer purchased a $400,000 home with a 20% down payment at Thursday’s daily mortgage rate, they’d pay about $3,300 per month. If mortgage rates ticked …

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Here’s Why Mortgage Rates Are Rising After The Fed’s Rate Cut

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Oct 24, 2024 · Expectations of a Fed rate cut caused mortgage rates to drop to a two-year low of 6.08% in late September, but it failed to spur homebuying activity.Sales of previously owned …

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Here’s Why Mortgage Rates Are Rising After The Fed’s Rate Cut - MSN

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Expectations of a Fed rate cut caused mortgage rates to drop to a two-year low of 6.08% in late September, but it failed to spur homebuying activity. Sales of previously owned homes, which …

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Why Are Mortgage Rates Still Rising? – Deseret News

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Jan 8, 2025 · Interest rates on home loans for U.S. borrowers kicked off 2025 riding the same upward trend that closed out last year, hitting 6.99% last week, the highest since July 2024 …

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The Fed Cut Rates, So Why Are Mortgage Rates Climbing? The …

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Nov 4, 2024 · Freddie Mac reported that the average rate of a 30-year fixed mortgage hit 6.54% by Oct. 24, 2024, a peak unseen since August. Although still below this year's high of 7.22% …

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Why Are Mortgage Rates Still So High? There’s Something More …

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Jan 30, 2025 · Let’s break down why mortgage rates have been stuck close to 7% for a 30-year, fixed-rate loan, how the 10-year Treasury yield factors in, and what you should know if you’re …

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Home Prices Continue To Rise, But At A Slower Pace

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Dec 31, 2024 · High mortgage rates have been an impediment to sales. On Monday, the National Association of Realtors said that pending home sales rose 2.2% in November, the fourth …

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High Housing Payments Are Slowing Home Sales, But Buyers …

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Jan 23, 2025 · Housing costs are high because of rising mortgage rates and home prices: The weekly average mortgage rate is 7.04%, the highest level since May, and the median U.S. …

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Weekly Mortgage Predictions: Tariffs And Labor Data Could Spark ...

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4 days ago · You can get a lower mortgage rate by buying mortgage points, with each point costing 1% of the total loan amount. One mortgage point equals a 0.25% decrease in your …

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FAQs about Here's why mortgage rates continue to increase - Homes.com Coupon?

Why are mortgage rates rising?

The wider-than-usual spread between the 30-year fixed mortgage rate and the 10-year Treasury yield is one reason mortgage rates are elevated. Mortgage rates could decline if the economy continues to cool and if mortgage-Treasury spreads narrow. ...

Will mortgage rates continue to rise this year?

As we’ve just covered, inflation is at the core of why mortgage rates are going up right now. Whether they’ll continue to rise is anyone’s guess, but experts find it likely. Dr. Lawrence Yun, chief economist for the National Association of Realtors® ( NAR ), says that mortgage rates could potentially top 7% this year. ...

Why have mortgage rates risen so much since Trump's election?

Mortgage rates have risen significantly since Trump's election victory. On one hand, recent data shows that inflation hasn't been slowing as quickly as the Federal Reserve would like. Another contributing factor is that markets are hinging on heightened long-term inflation risk if Trump makes good on his promise to increase tariffs. ...

Will mortgage rates rise in 2025?

Mortgage rates are currently hovering near 7%, having risen along with borrowing costs since the Federal Reserve began cutting interest rates in September. The Fed has suggested a slower pace of cuts in 2025. ...

Do higher mortgage rates mean higher rates?

"Higher yields mean higher rates. Banks are always quick to raise rates when we see these jumps in the market and, of course, much slower to bring them down," DeFlorio says. How soon might mortgage rates start to decline? ...

Are high mortgage rates affecting home sales?

High mortgage rates have been an impediment to sales. On Monday, the National Association of Realtors said that pending home sales rose 2.2% in November, the fourth consecutive month of gains. Sales were up 6.9% from a year ago, with all regions except the Northeast seeing an increase in monthly activity. ...