New York Post

In recent years, mortgage rates in the US have soared to their highest levels in more than two decades, leaving many potential homebuyers and sellers wary. 

The Federal Reserve’s efforts to combat languishing inflation have played a significant role, as the central bank raised interest rates 11 times from 2022 to 2023, taking the benchmark federal funds rate from 0% to 5.25-5.50%, according to Yahoo Finance.

Today, the median monthly mortgage payment on a new home stands at $2,256, about 7% higher than last year, the Mortgage Bankers Association (MBA) reports. So, when will mortgage rates go down? Experts from Fannie...

This is when you can expect mortgage rates to go down — and why you should buy before a recession hits

Mortgage rates are slowly inching down - or perhaps more accurately - centi-metering down. The 30-year fixed-rate mortgage (FRM) averaged 6.86% Thursday, according to the results of Freddie Mac’s Primary Mortgage Market Survey. That’s down exactly one basis point from last week, when the 30-year FRM averaged 6.87%.

Average Mortgage Rate Drops One Basis Point From Last Week

The average for a 30-year fixed-mortgage is 7.00% today, an increase of 0.05% from seven days ago. The average rate for a 15-year fixed mortgage is 6.50%, which is an increase of 0.10% from the same time last week. For a look at mortgage rate movement, see the chart below.

Mortgage Rates Increase Ahead of Fourth of July: Mortgage Rates on July 1, 2024

Forbes Advisor

The current average mortgage rate on a 30-year fixed mortgage is 7.40%, compared to 7.37% a week earlier. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 6.66%, up 0.16 percentage point from the previous week. If you want to lock in a...

Mortgage Rates Today: June 24, 2024—15-Year Mortgage Rates Increase, 30-Year Rates Steady

TheStreet

The Federal Reserve may start to lower interest rates in September. Get ready.

Your new mortgage may get cheaper

You generally need to demonstrate sufficient income to buy a house, but it is possible to buy a home with no income. You’ll need to prove to a lender that you can afford the mortgage payments in other ways, such as by paying with assets, or you’ll need to buy the house with all cash. Learn more about how to buy a house with no income.

How to Buy a House With No Income

Mortgage rates fell this week to their lowest level since early April, taking some pressure off America’s unaffordable housing market.

Mortgage rates fall to their lowest level in almost three months

Fox Business

New Freddie Mac product would help homeowners tap their home equity without losing their existing low-rate first mortgages.

Freddie Mac proposes product to help homeowners tap home equity without losing record low mortgage rates

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

A nation-leading 6.00% CD from Nuvision Credit Union, with a 10-month term, remains available. But the CD is limited to a maximum deposit of $5,000. A dozen additional CDs are paying 5.40% and up, including a runner-up rate of 5.55% on terms of 5 or 11 months. Offering a longer...

Top CDs Today, June 27, 2024 - 6% Leading Rate Guaranteed Until 2025

Apartment Therapy

We independently select these products—if you buy from one of our links, we may earn a commission. All prices were accurate at the time of publishing. When I sold my house in Denver in 2024, the only thing I wanted to bring with me was my 3% interest rate. My fiancé and I are both selling our houses and buying a house together, and he didn’t want to ditch his interest rate, either. In the game of interest rate limbo — how low could we go in 2021, when rates historically bottomed out? — my fiancé shimmied all the way down to 2.8% on his home.

I’m Buying a House When Interest Rates Are Still Sky High, and Here’s Why

Construction spending was lower than in the previous month for the first time in a year and a half. The Federal Reserve has pushed its key interest rate up to a 23-year high and has kept it there for the past 12 months. High interest rates designed to slow spending...

The Fed's High Interest Rates Are Hampering Construction

Home prices have been at a record high, pushing homebuying out of reach for many and slowing down the real estate market. However, a record-low number of contracts signed indicates homebuyers are unwilling to pay high prices. Sellers are responding by taking listings off the market or compromising on how...

Homebuyers Are Fed Up With High Prices

The average 30-year mortgage rate is now 6.97%, nearing the 7% threshold. Rates have been moving in the upper-6% territory this entire month, but have crept upward the last few days. Many other mortgage types also saw moderate increases this week. National Averages of Lenders' Best Mortgage Rates. Loan Type...

Mortgage Rates Edge Up, Approaching 7%

Georgia State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Coffee County, GA

Douglas, GA

Daily Coffee Press

A 49-year-old woman from Douglas was recently arrested for allegedly submitting a life insurance policy for her ex-husband without his knowledge. According to a Coffee County Sheriff’s Office incident report, detectives met with a man on May 7 at the Coffee County Law Enforcement Center concerning a reported case of insurance fraud.

Georgia woman charged for allegedly filing life insurance policy application on ex-husband

Newark, NJ

Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

Markets Insider

"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

Missouri State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

Housing market experts predict mortgage rates will fall in 2024. Get the best rate for your situation by comparing multiple loan offers from different lenders. Receive a custom quote from one of CNET’s partner lenders by entering your information below. About these rates: Like CNET, Bankrate is owned by...

Homeowners Face Higher Refi Rates Before Holiday Weekend. Refi Rates on July 1, 2024

The Consumer Price Index (CPI) hit a 40-year high in June 2022. The Federal Reserve aggressively hiked interest rates to tame inflation, which put the brakes on real estate sales. Redfin has been a casualty of that slowdown, but with interest rate cuts potentially around the corner, it might be...

1 Super Stock Down 93% to Buy Before the Fed Cuts Interest Rates

NewsBreak

Mortgage Rates Inch Up for a Fifth Day

The average 30-year mortgage rate has moved up to 6.99%. Rates have wavered in upper-6% territory all of June, but ended the month with a one-week...

Mortgage Rates Inch Up for a Fifth Day

Comments / 0