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Jan. 29, 2025 – Rates Remain Fairly Steady
Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%
The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season.
Mortgage Rates Today: January 29, 2025 – Rates Remain Fairly Steady
The current average mortgage rate on a 30-year fixed mortgage is 6.91%, compared to 6.97% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.
Mortgage demand drops further, even as interest rates settle
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remained unchanged at 7.02%.
4h
on MSN
Today's Mortgage Rates | Rates Tick Down as Fed Eyes Elevated Inflation
These are today's mortgage and refinance rates. Mortgage rates are likely to remain elevated until inflation comes down ...
1d
Chinese AI DeepSeek’s rout of tech stocks may benefit mortgage rates
The tech-heavy Nasdaq composite closed down nearly 3% on Monday, with shares of AI-focused chipmaker Nvidia plunging 17% and ...
10h
Russian banks reap record profits in 2024, helped by high rates and loan growth
Russian banks made record annual profits of 4 trillion roubles ($40.7 billion) in 2024, the central bank said on Thursday, as ...
1d
on MSN
How does the mortgage interest tax deduction work? Experts explain
"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...
23h
How the Federal Reserve Impacts Mortgages
Fed interest rate moves can affect mortgage rates. But maybe not the way you expect. Moves by the Fed do not directly affect ...
1d
What the Fed’s Rate Policy Means for Your Finances
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
CNET on MSN
23h
The Fed Didn't Budge on Interest Rates. Here's Why That's a Big Deal
Generally, when inflation is high and the economy is in overdrive, the Fed tries to pump the brakes by setting higher ...
20h
on MSN
Fed pauses interest rate cuts as inflation, Trump's plans create uncertainty
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...
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