Mortgage rates, Reverse Course

Mortgage rates drop for the 4th straight week. What it means for you.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their loan to a lower rate, rose this week.
Refinance Rates Reverse Course With a Sizable Drop
Rates on 30-year refinance loans dropped 8 basis points Thursday, reducing the average to the notable 7.00% mark. Last week, the flagship refi average briefly dipped below 7% for the first time since last year.
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‘Mortgage rates will pull back:’ 4 pros predict where mortgage rates will go in February 2025
For his part, Lewis says mortgage rates are poised to drop in February, after climbing above 7% in January. “The direction of consumer prices will have the strongest effect on mortgage rates in February. The core inflation rate should decline further, giving bond yields and mortgage rates room to fall, but not by a lot,” says Lewis.
Ticker: Mortgage rates drop; Unemployment applications rise
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying
Refinance Rates Climb to Highest Level in Almost Three Weeks
Wednesday, pushing the average to its highest level since January. Rates moved up for other refi loan types as well.
Here Are Today’s Mortgage Refinance Rates: February 13, 2025 – Rates Rise
The rate on a 30-year fixed refinance climbed to 7.05% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 6.03%, and for 20-year mortgages, the average is 6.
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Warning issued to mortgage holders and house-buyers as market set for big change
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Three banks drop mortgage rates: Will more follow if interest rates are cut?
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Mortgage interest rates could be affected by Fed decision
As mortgage rates in the United States remain elevated, potential homebuyers and those looking to refinance face a ...