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Today's Mortgage Rates, Oct. 17, 2024 | Rates Drop Back Down
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%.
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.
Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August.
Mortgage Rates Continue to Increase
The 30-year fixed-rate mortgage increased for the third consecutive week, moving closer to 6.5%,” said Sam Khater, Freddie Mac’s Chief Economist. “In general, higher rates reflect the strength in the economy that is supportive of the housing market.
Mortgage rates increased again this week
Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed-rate mortgage (FRM) increased again this week,
13h
Mortgage Rates Rise to Highest Since August
Mortgage rates rose to the highest level in nearly two months. The average rate on a standard 30-year fixed mortgage rose to ...
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on MSN
‘A disappointment to home buyers’: Mortgage rates surge to a two-month high
The 30-year mortgage rate jumped to the highest level since mid-August, averaging 6.44% as of Oct. 17, according to data ...
19h
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons
If you claim the mortgage interest tax deduction, the effective interest rate you’re paying on your mortgage is reduced by ...
16h
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 ...
15h
My credit score is recovering after a bankruptcy — how can I get a mortgage?
The Credible Money Coach helps a reader understand how a bankruptcy and fair credit score may affect his ability to get a ...
1d
on MSN
How to know if mortgage refinancing makes sense now
As mortgage rates decline, some homeowners may want to consider refinancing now. Here's what to consider first.
6h
on MSN
Mortgage rates: Which New England state saw the biggest jump?
Two New England states have some of the highest average mortgage rates in the country. Hint: It's not Massachusetts.
14h
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.
7h
California in September: High Monthly Mortgage Payments, Low Average Mortgage Rates
Low mortgage rates may be encouraging to homebuyers looking for a good deal, but in markets like California, home prices can ...
12h
on MSN
Mortgage rates spike for third straight week while buyers grow cautious
Higher mortgage rates mean fewer buyers and refinancers are moving forward with transactions. The average on a 30-year loan ...
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