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Mortgage Rates Today, Oct. 16
Today's Mortgage Rates, October 17, 2024 | Rates Drop Back Down
These are today's mortgage and refinance rates. Mortgage rates have eased this week, but we might not see them drop substantially until next year.
30-Year Mortgage Rates Inch Lower
Rates on 30-year mortgages have wavered in a narrow range for more than a week, well above last month's sub-6% low. Rates for most loan types dipped Tuesday.
Mortgage Rates Today, Oct. 16: Median Rate Falls to 6.5%
As of Oct. 16, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.50%, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.75%, which is 0.13 percentage points lower than yesterday.
Mortgage rates are back near 6.5%. Will they stay there?
Soon after the Fed lowered interest rates last month, mortgage rates reached a 2024 low point, but the news has not been as good since.
4 reasons mortgage rates go up and down
What many home buyers may not understand is multiple factors could cause mortgage rates to go up or down. Mortgage interest rates can also vary significantly between mortgage lenders. If you're considering taking out a home loan or a mortgage refinance, here's what you need to know about interest rates — and why they tend to fluctuate.
What level of impact do interest rate cuts have on mortgage rates?
After waiting years for interest rate cuts from the Federal Reserve, home buyers are now facing even higher mortgage rates.
Why have mortgage interest rates been rising since the Fed cut rates in September?
Unfortunately for prospective buyers, rising mortgage rates in the face of a Fed cut is a sign of a resilient economy.
Will Mortgage Rates Ever Fall Below 3% Again?
Mortgage rates are creeping downward. But are sub-3% mortgages ever going to be in the cards again? Keep reading to find out.
The little-known factor that could help mortgage rates go lower
A component of mortgage rates known as the spread has been falling in recent weeks after years of being elevated. If it keeps dropping, that could help send rates lower in the months ahead.
20h
on MSN
Mortgage Rates Rise To 2-Month High—Defying Conventional Interest Rate Cut Wisdom
Mortgage rates climbed last week to the highest level since August as prospective home buyers don’t get the relief they may ...
21h
on MSN
Mortgage rates surge, putting a damper on home buying and refinancing
The numbers: Applications for mortgages plunged as the 30-year mortgage rate surged. The increase in rates for the third week ...
21h
Mortgage refinance rates could drop even lower — 4 ways to prepare
Meanwhile, for the week ending June 12, the number of refinancing applications jumped 10 percent compared to the previous ...
19h
Mortgage Refinance Rates Dip for Most Loan Types
Refi rates for 30-year mortgages have been bobbing around in a higher range than the 19-month low they hit last month. Rates ...
Mortgage News Daily
15h
Mortgage Rates Hold Steady Ahead of Retail Sales Data
Mortgage rates have been holding in a fairly narrow range since the middle of last week and today was one of the least ...
1d
US Mortgage Rates Climb to 6.52%, Highest Since Early August
US mortgage rates rose sharply for a second straight week, reaching the highest level since early August while prompting ...
21h
on MSN
First-Time Homebuyers Are Still Active Despite Higher Mortgage Rates
Mortgage rates increased to their highest levels since August, moving back up after declining in September to the lowest ...
1d
Today’s 15- and 30-year mortgage interest rates remain unchanged at 5.88% and 6.50%, respectively
The median interest rate on a 30-year fixed-rate mortgage is 6.50% as of October 15, which is unchanged from yesterday.
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