Today's Mortgage Rates | Why Rates Have Been So High This Month
These are today's mortgage and refinance rates. Mortgage rates have been high in November as expectations around future Fed cuts have shifted.
Today’s 30-year mortgage interest rates drop to 6.88% while 15-year terms fall to 6.13%
Thinking about taking out a mortgage loan? Current mortgage rates fall to 6.88% for 30-year terms, while 15-year terms decrease to 6.13%.
Why mortgage costs are rising despite interest rate cut
Mortgage costs are rising - with the average rate on a two-year fixed deal now at 5.5% - despite a recent cut in interest rates. A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days.
Average Rate on 30-Year Mortgage Drops Slightly After 6 Weeks of Increases
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May. In late September, the average rate dipped to 6.08 percent, the lowest level in two years, after the Federal Reserve cut interest rates. But mortgage rates have since crept higher until this week.
Mortgage rates level off 2% higher than 10 years ago
Mortgage rates have leveled, leaving Real Estate agents hopeful home buyers will start to comeback to the market and that homeowners will consider refinancing.
Mortgage rates not dropping anytime soon
The Fed has dropped the nation's lending rate again, but mortgage rates haven't dipped. The FOX 5 I-Team's Dana Fowle went to an economist to understand the reason why.
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Mortgage Rates Today, Nov. 15: Median Rate Falls to 6.88%
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