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Jan. 29, 2025 – Rates Remain Fairly Steady
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.
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 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%.
Fed, Mortgage Rates
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 further.
Is the Fed interest rate pause good for mortgage rates?
After implementing three rate cuts in late 2024, the central bank has opted to keep its benchmark federal funds rate steady at 4.25% to 4.50%. The pause comes as inflation showed signs of stubborn persistence,
Mortgage Rate Predictions: Will the Fed Keep Postponing Interest Rate Cuts?
Though Trump could appoint Fed board members whose views on monetary policy align with his own, he can only make new appointments in early 2026. Will mortgage rates go down in tim
Crain's Detroit
3h
Mortgage interest rates dip, keeping 30-year loans below 7%
Mortgage rates in the U.S. dropped for a second straight week. The average for 30-year loans was 6.95%, down from 6.96% last ...
5d
on MSN
Today's Mortgage Rates | Rates Are Down For Now
These are today's mortgage and refinance rates. Mortgage rates have eased thanks to cooler inflation data, but it's unclear ...
Forbes
3d
Mortgage Rate Lock Guide
Commissions do not affect our editors' opinions or evaluations.
Mortgage interest rates
are dynamic and unpredictable, and can fluctuate many times between when you file a loan application and ...
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 ...
1d
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
1d
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 ...
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