Mortgage rates are slightly higher this weekend. According to the Zillow lender marketplace, the current 30-year fixed rate is 5.86%with five basis points. The 15-year fixed rate is up six basis points to 5.41%. Why does Zillow report lower mortgage rates than reported elsewhere? We cover that at the bottom of this page. Here are … Read more
Mortgage rates fell sharply this week as tensions between the US and Iran fueled the possibility of military conflict. Inflation concerns also persisted, as shown in the minutes of the Federal Reserve’s last meeting. The 30-year fixed mortgage rate fell 8 basis points to 6.01 percent in the week ended Wednesday, according to Freddie Mac. … Read more
Mortgage rates are poised to move even lower as the 10-year Treasury fell nearly 2% in the past week. Stock market woes are pushing investors into bonds, and as prices rise, yields fall. Zillow, which typically reports lower rates than Freddie Mac, reports the 30-year fixed rate at 5.79% — the lowest in recent years. … Read more
Mortgage rates fell slightly this week, resisting volatility in bond markets. While bond yields dipped earlier in the week, Wednesday’s surprising jobs report sent yields higher. The news was quickly digested by the treasury market and the return to previously low levels lasted only a day. According to Freddie Mac, the average 30-year fixed rate … Read more
Mortgage rates are falling as the 10-year Treasury fell in the past week. Economic news is putting pressure on the bond market, and today’s jobs report will be key to how mortgage rates end the week. According to Zillow, the average 30-year fixed rate remains below 6%, currently 5.87%. The 15-year fixed rate is 5.34%. … Read more
Mortgage rates have held steady this week with only a slight increase. The 10-year Treasury, a price gauge for 30-year fixed mortgage rates, has been above 4.2% since mid-January. However, the spread between Treasury and mortgage rates has narrowed recently, and the 30-year has resisted a substantial move higher. According to Freddie Mac, the average … Read more
Mortgage rates haven’t moved much today, meaning they’re still relatively low. According to Zillow, the average 30-year fixed rate is currently below 6% 5.98%. This is a year-over-year decline of 61 basis points. The 15-year fixed rate is 5.50%down 73 basis points from this time last year. Mortgage rates vary by credit score, location and … Read more
Mortgage and refinance rates rose this week as the Federal Reserve announced a pause in rate cuts. According to Freddie Mac, the 30-year fixed mortgage rate rose by one basis point 6.10%. Meanwhile, the 15-year rate gained five basis points to 5.49%. Still, the 30-year bond remains near a three-year low. Here are the current … Read more
Mortgage rates are near recent lows. According to Zillow, the average 30-year fixed rate fell four basis points to 5.93%. Meanwhile, the 15-year fixed home loan rate is holding steady at 5.47%. Zillow compiles the rates from those offered in the lender market. Here are the current mortgage rates, according to the latest Zillow data: … Read more
Mortgage and refinance rates rose slightly in the past week. According to Freddie Mac, the 30-year fixed mortgage rate rose three basis points to 6.09%and the 15-year rate rose six basis points to 5.44%. With rates still well below their 52-week average, this could be a good time to lock in a mortgage rate. Here … Read more