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Today's Mortgage Rates, Oct. 17, 2024 | Rates Drop Back Down
Today’s 15- and 30-year mortgage interest rates remain unchanged at 5.75% and 6.50%, respectively
The median interest rate on a 30-year fixed-rate mortgage is 6.50% as of October 17, which is unchanged from yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.75%, which is also unchanged from yesterday.
Mortgage Refinance Rates Drop Again
Refinance rates on 30-year mortgages subtracted 6 basis points for a second consecutive day Wednesday, reducing the national average to 6.71%. That lowers it from a recent two-month high, but it remains 70 basis points above the 19-month low we saw Sept. 16—when the average sank to 6.01%.
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.
Mortgage Rates Today, Oct. 17: Median Rate Remains at 6.50%
As of Oct. 17, 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 also unchanged from yesterday.
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 week—nearly doubling the number of applications filed during the same week last year, according to data released by the Mortgage Bankers Association. Refinance loans made up 63 percent of all mortgage applications that week.
Today's Mortgage Rates, October 15, 2024 | For Lower Rates, the Economy Needs to Cool Off
These are today's mortgage and refinance rates. Mortgage rates are up this month thanks to strong economic data. But they should fall in 2025.
1h
on MSN
A drop in mortgage rates has failed to ignite home-buying demand, but builders remain optimistic
The numbers: Builder confidence rose in October as they expect mortgage rates to fall and U.S. home-buying conditions to ...
2h
The Fed is cutting interest rates, so why are mortgage rates rising?
It’s been a month since the Federal Reserve shifted from fighting inflation with high interest rates to supporting the job ...
2h
Forbes Daily: Mortgage Rates Rise As Home Buyers Expect Relief
Thursday's edition of Forbes Daily covers housing market interest rates, FTC's subscription canceling plan, Boar's Head ...
23h
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 ...
13h
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.
1h
Barclays and Halifax increase mortgage rates: Here's why they are rising
Two more major banks have today announced they are hiking mortgage rates - despite inflation now being below the Bank of ...
Mortgage News Daily
18h
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
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 ...
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