Fed Cuts Interest Rate
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Home loan applications inched up again after interest rates fell to a new low and homeowners also took advantage of refinancing.
Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.35%, up 3.22% from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,
As of Thursday afternoon, the FHA rate was 5.97% and the VA rate was 5.99%, according to Mortgage News Daily data.
Mortgage interest rates are declining. Here's how to find the lowest offers this October, according to experts.
MCLEAN, Va. — The average rate on a 30-year U.S. mortgage fell again this week, extending a recent trend that should give prospective homebuyers more purchasing power. The long-term rate eased to 6.5% from 6.56% last week, mortgage buyer Freddie Mac said ...
Mortgage applications increased 0.6% as rates fell to 6.34%, the lowest since September 2024. Refinance activity jumped 42% year over year, now comprising 60.2% of all applications.
Online lender Rocket Mortgage makes it easy to apply from the comfort of home, with a digital application process, web chat and screen-sharing features, plus outst
After years of elevated borrowing costs, mortgage rates have finally started moving lower — and the change is already rippling through the housing market. The average 30-year fixed-rate mortgage loan has dropped to 6.13%, marking its lowest point in ...