After reaching a peak of 7.04% in January 2025, mortgage rates retreated to the mid-6% range in March but then reversed course and have remained stuck between 6.75% and 6.9% since early May. The ...

The likelihood of a rate cut in July is low, but at least one member of the Federal Open Market Committee is advocating for ...

Forecasts expect mortgage interest rates to go down only a little bit in 2025, with predictions saying that rates could end up somewhere between 6.20% and 6.70% by the end of the year. When ...

With an adjustable-rate mortgage, the interest rate is only fixed for a certain amount of time (commonly five, seven or 10 years), after which the rate adjusts annually based on the market.

Weekly data from Freddie Mac shows benchmark 30-year fixed rates edging under 7% as of Friday, January 24, 2025, trending downward for the first time in over a month. New data from the Mortgage ...

1970s. Freddie Mac started tracking 30-year mortgage rates in the spring of 1971. At the beginning of the decade, mortgage rates averaged in the high single digits but passed 10% in 1978.

Mortgage interest rates have moved up and down in 2024. ... Mortgage rate trends in 2024. The average 30-year fixed mortgage rate fluctuated between 6.5% and 7.5% during the first half ...