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Mortgage, rate
Mortgage Interest Rates Today, September 22, 2024 | Rates Are Slightly Up Following Fed Meeting
These are today's mortgage and refinance rates. Mortgage rates are up a bit thanks to positive economic data, but they remain below last month's levels.
Mortgage interest rates today: Rates are unchanged
Today’s interest rate for a 15-year fixed-rate mortgage is 5.125%, which is unchanged from yesterday. The monthly payment for a $250,000 mortgage with a 15-year term and a fixed interest rate of 5.5% would be $2,042.71. The payment for the same loan with a 6% interest rate would be $2,109.64.
Here's how far mortgage rates have dropped already this year
In the first week of January, mortgage rates averaged around 6.62%, already elevated compared to historical norms. By late March, they had surged to 6.94%, and by the first week of May, they had reached their peak for the year at 7.22% — up by about 0.6% from the start of 2024.
4h
Sales of Existing Homes Slump in August Despite Lower Mortgage Rates
Total existing-home sales dropped 2.5% from July, to a seasonally adjusted annual rate of 3.86 million in August, the ...
2d
on MSN
Mortgage rates are coming down — and home buyers are ready to pounce
Homebuyers are rushing to take advantage of lower mortgage rates following the Federal Reserve’s recent interest rate cut.
2d
Mortgage Refinance Rates Keep Moving Higher
After plummeting earlier this week to their lowest levels since early 2023, refinance rates on 30-year, 20-year, and 15-year ...
2d
The Fed Rate Cut, Mortgage, Auto And Credit Card Rates: What To Expect
The Fed cut its short term interest rate by 0.50%. How will this affect mortgage rates, auto loans, and credit cards? Does ...
3d
on MSN
Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
2d
on MSN
Mortgage Refinance Rates Are Down, But Should You Refi to a 30-, 20-, or 15-Year Mortgage?
The average mortgage refinance rate on 30-year loans dropped to a 19-month low of 6.01% this week. Before refinancing, ...
3d
on MSN
Mortgage rates plunge to 2-year low: Should you lock a rate now?
It can make a lot of sense to lock in a mortgage rate now that rates are sitting at a two-year low. /iStockphoto . For the ...
2d
on MSN
Lower mortgage rates will bring much-needed normalcy to the housing market
Still, she’s well aware that the recent decline in borrowing costs will be helpful when the couple goes to sell their own ...
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