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Mortgage Rates Today, Oct. 23
Today's Mortgage Rates, October 24, 2024 | Why Did Rates Go Up After the Fed Cut?
These are today's mortgage and refinance rates. Mortgage rates have risen this month in spite of the Fed's 50-basis-point rate cut in September.
30-Year Mortgage Rates Climb Again, Hitting 12-Week High
Rates on 30-year loans had wavered for two weeks, but have now pushed higher for four days, reaching their highest level since July. Most other loan types also climbed.
Mortgage Rates Today, Oct. 23: Median Rate Rises to 6.88%
As of Oct. 23, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.88%, which is 0.13 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.00%, which is 0.12 percentage points higher than yesterday.
Mortgage rates stay high, sapping home-buying demand
Applications for mortgages fell to the lowest level in three months as high rates weighed on home buyers. Activity as measured by the market composite index — a measure of mortgage application volume — was down in the past week,
Mortgage Refinance Rates Rise to Highest Level Since August
With a fourth daily increase, 30-year refi rates have risen to their most expensive level in more than 10 weeks—rising up from the 19-month low they sank to in September.
Why are home prices rising with higher mortgage rates?
Why are home prices still rising even as mortgage rates have gone higher? A number of people predicted that home prices would experience a steep drop as mortgage rates rose, but that’s not what has happened.
Yes, Gas Was Cheaper and Mortgage Rates Were Lower in 2020
Interest rates and gas prices were lower before Biden’s presidency. However, the numbers cited in the post are not precise and lack some context. The posts appear to reference the 30-year fixed mortgage rate—the interest rate at which borrowers can repay a 30-year home loan.
MarketWatch
25m
Why mortgage rates are back to nearly 7%
Bad
news
for home buyers:
Mortgage
rates
are surging again as the financial markets weigh incoming economic data ...
18h
on MSN
Map Shows States Where Mortgage Rates are Increasing the Most
A new map shows which U.S. states have seen the sharpest increase in mortgage rates this year, driven by a combination of ...
Mortgage News Daily
14h
Mortgage Rates Tick Up to Another Multi-Month High
Mortgage rates have been moving two directions recently and both of them are "up." Only the pace changes. Today's pace was ...
2d
Mortgage Rates Rise to a 2-Month High: Our Economist Explains What It Means for the Housing Market
The post Mortgage Rates Rise to a 2-Month High: Our Economist Explains What It Means for the Housing Market appeared first on ...
20h
US home sales slowed in September to weakest annual pace in 14 years despite easing mortgage rates, more homes for sale
US home sales slowed in September to weakest annual pace in 14 years despite easing mortgage rates, more homes for sale ...
2d
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the ...
16h
on MSN
Surge in mortgage rates equivalent of a 6% increase in home payment prices, says Zelman's Ratner
Alan Ratner, Zelman & Associates managing director, joins CNBC's 'The Exchange' to discuss outlooks on the housing market, ...
18h
on MSN
What causes home equity loan interest rates to drop? And will they keep falling?
Home equity rates have dropped since the Fed's last meeting. Here's what they could do in the future, experts say.
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