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Rates Drop, Mortgage loan
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A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.
Trump is fed up with Powell, but experts say Americans seeking cheaper interest rates and lower prices shouldn’t be rooting for the Fed chair to be forced into an early exit.
Mortgage rates hold steady July 23, 2025, with 30-year fixed at 6.625%. Trump hints at capital gains tax cut for home sales.
US home sales slip in June with mortgages rates high and prices hitting unprecedented levels.
Mortgage demand barely moved last week as interest rates slightly increased. Demand is still better, however, than it was a year ago.
Mortgage rates today sit at 6.625% for a 30-year fixed loan. High rates are straining affordability and slowing housing activity.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
A new company offers a software tool that allows buyers and agents to find sellers with low-rate mortgages that can be transferred.
As more homes remain on the market longer, buyers are closely watching mortgage rates to see if there's an opportunity to save money.
It's been a pretty good run for mortgage rates since hitting their most recent highs last Tuesday. Each subsequent day saw a modest improvement. That winning streak finally ended today, but just barely.
After a five-week decline, mortgage rates have now climbed for three straight weeks. But that doesn't necessarily mean you should hit pause on your house hunt.
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