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Mortgage interest rates today
Mortgage Interest Rates Today, October 8, 2024 | Rates Back Above 6% for Now
These are today's mortgage and refinance rates. Mortgage rates have increased in recent days in response to September's blockbuster jobs report.
Mortgage interest rates today: Rates are up
The current median interest rate is 6.49% for a 30-year fixed-rate mortgage and 5.63% for a 15-year fixed-rate mortgage.
Mortgage rates take first jump in 7 weeks
The average rate on a 30-year mortgage is down from 7.22% in May, its 2024 peak. Rates have been mostly declining since July in anticipation of last month’s move by the Federal Reserve to cut its main interest rate for the first time in more than four years.
Mortgage Calculator: This Is How Much You Need To Buy a $425,000 Home With a 6.12% Rate
Compare that with last week's 6.08% mortgage rate, a median-priced $425,000 home would cost homebuyers $2,056 per month. So, buyers who lock in the most recent rates today save nine bucks per month compared with those who closed the deal last week.
2h
on MSN
‘I’m scared to death’: My wife asked for a divorce after 21 years. She wants to buy a house with our savings, but promises to help pay my mortgage.
Dear Quentin, My wife of 21 years informed me that she wants to divorce. We jointly own a home with nine years left on the ...
23h
30-Year Mortgage Rates Continue to Climb
Rates on 30-year new purchase mortgages rose again, extending their upward trend from last month's below-6% lows. Rates on ...
1d
Today’s 30-year mortgage interest rates rise to 6.49%, while 15-year rates climb to 5.63%
Thinking about taking out a mortgage loan? Current mortgage rates rise to 5.63% for 15-year terms, while 30-year terms ...
1h
on MSN
Mortgage Rates Have Started to Drop. Should You Try Buying a Home This Fall?
You might save money on a mortgage this fall. But read on to see why waiting to buy a home could benefit you even more.
4d
on MSN
What could impact mortgage interest rates this fall?
When investors buy more Treasury bonds, their yields typically fall. Lenders often use these Treasury rates as a benchmark ...
5d
on MSN
Mortgage Forecasters Slash Their Predicted Rates for End of 2024
Now, the Federal National Mortgage Association, also known as Fannie Mae, has forecast that the 30-year fixed mortgage rate ...
1d
What Is a Mortgage Broker?
A mortgage broker is an intermediary who helps homebuyers find the right mortgage and lender for their situation. They don’t ...
3d
Mortgage Rates Rise in Most Loan Types, Continuing Recent Trend
Rates on 30-year new purchase mortgages reached a 6.32% average Thursday, the highest rate since early September. The ...
22h
on MSN
Mortgage rates came down, but aren't heading as low as you might remember
Homebuyers who are hoping that mortgage rates ultimately tumble to a 3% to 4% range after a much-anticipated string of Fed ...
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