The Fed just froze interest rates
Digest more
Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.72%, down 0.05 percentage points from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,
Mortgage interest rates have been high, but will that trend continue into the fall? Here's what some experts think.
The average 30-year fixed-rate mortgage hit 6.66% this week, according to the Federal Home Loan Mortgage Corp., commonly known as Freddie Mac. That's the highest it's reached in a year — at the end of last July,
The average interest rate on a 30-year fixed refinance rose to 6.77% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.85%. For 20-year mortgage refinances,
The average interest rate on a 30-year, fixed-rate mortgage fell to 6.61% APR, according to rates provided to NerdWallet by Zillow. This is 12 basis points lower than yesterday and one basis point higher than a week ago. (See our chart below for more specifics.) A basis point is one one-hundredth of a percentage point.
The average rate on a 30-year fixed mortgage rose this week to 6.66%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.58%.
3don MSN
Fed holds rates steady: What it means for credit cards, savings accounts, mortgages and auto loans
The Fed's benchmark affects many of the interest rates consumers see every day, including those tied to mortgages, credit cards, car loans and savings accounts.
TL;DR: Average mortgage interest rates are in a holding pattern, at least for today. We're not seeing much movement from mortgage rates today. The average interest rate on a 30-year, fixed-rate mortgage remained at 6.61% APR, according to rates provided to ...