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When will mortgage rates drop below 6%?
Mortgage rates need to get below 6% to reinvigorate the frosty housing market, according to the National Association of Realtors (NAR). A 30-year fixed-rate mortgage at 6% would make the median-priced home affordable for about 5.5 million more households, NAR economists shared at the July 16 Real Estate Forecast Summit.
What to know about current mortgage rates: Rates on all mortgage loan categories are lower today. According to Money’s daily survey, a 30-year fixed-rate loan is averaging 6.848%, a decrease ...
Rates on a 15-year mortgage stand at an average 6.12% for purchase and 6.17% for refinance, up 8 basis points from 6.04% for purchase and 6 basis points from 6.11% for refinance over the past week ...
Jumbo Mortgage Rates The current average interest rate on a 30-year fixed-rate jumbo mortgage is 6.75%. Last week, the average rate was 6.91%.
What to know about current mortgage rates: Mortgage rates moved higher yesterday. According to Money’s daily survey, the 30-year fixed-rate loan averaged 6.883%, a 0.037 percentage point ...
Average mortgage rates are rising as of Thursday, June 12, 2025, a day after new consumer price index data showed inflation edging higher year over year to 2.4% in May — softer than expected yet ...
The wait for a more affordable housing market is only getting longer as lingering inflation and tariff uncertainties keep the ...
A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.
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