Mortgage Rates Fall Again in Good News for Homebuyers

Mortgage rates are dropping, but buyers still skeptical of housing market
After the 2008 financial crisis, the housing market recovered fairly well, with mortgage rates remaining below 5% and competitive housing prices. However, the post-COVID housing market faces instability and long-lasting affordability concerns,
5 tips for buying a home when mortgage rates are high
28/36 rule: Housing expenses (including mortgage payments, utilities, HOA fees and homeowners insurance) should be no more than 28% of your gross income and no more than 36% on debts overall. 30% rule: Keep monthly mortgage payments and other housing costs to no more than 30% of your take-home pay.
Mortgage rates keep falling. Is now the time to buy a home?
But there are signs that the mortgage rate climate could be cooling once again. Mortgage rates that plunged to 6.15% last September but then rose as inflation ticked up again in recent months are now heading down again.
Mortgage rates fall again as economy cools further
Most mortgage market observers began the year believing rates were more likely to rise than fall, but that hasn’t panned out. Rates ticked up slightly in early January but have fallen steadily since then in tandem with warning signs about the economy.
Weekly mortgage demand surges 20% higher after interest rates drop to the lowest since last year
Total mortgage application volume jumped 20.4% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.
Mortgage Rates Fall Again in Good News for Homebuyers as Spring Begins
Rates averaged 6.88% a year ago. Mortgage rates have now declined for seven consecutive weeks, returning to levels last seen in December after peaking at just above 7% in the middle of last month. “As the spring homebuying season gets underway,
Mortgage rates fall again with largest weekly decline since mid-September
Mortgage rates fell for a seventh week in a row, according to mortgage buyer Freddie Mac. The average rate on the 30-year fixed mortgage is 6.63%.
Despite mortgage rates falling, first-time home buyers still face challenges
More homes are expected to come onto the market as the spring homebuying season gets underway. Continued improvements in mortgage rates, which have declined for seven straight weeks, could lead to
U.S. mortgage rates again make significant drop
U.S. mortgage rates dropped this week the largest percentage in six months. That's the word from Freddie Mac, which released its latest data. Freddie Mac reports the 30-year fixed mortgage rate averaged 6.
Mortgage rates drop for seventh week as first-time buyers still face steep challenges
Mortgage rates have declined for seven consecutive weeks in a welcome shift for a housing market that has struggled with affordability challenges since the post
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Average mortgage rates see biggest cuts in 6 months
Average mortgage rates fell by the largest percentage since October 2024 last month, data from Moneyfacts has revealed.
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