US EditionAverage Long-Term US Mortgage Rate Dips to 6.17%, Its Lowest Level in More than a Year
Mortgage refinance demand rose 111% year-over-year and total applications increased 7.1% as 30-year fixed rates fell to 6.30%, the lowest since September 2024.
- Mortgage interest rates dropped for the fourth straight week, spurring an increase in mortgage applications.
- The average contract interest rate for 30-year fixed-rate mortgages decreased to 6.30% from 6.37%, the lowest level since September 2024.
- Refinance demand jumped 9% for the week and was 111% higher than the same week one year ago.
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25 Articles
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Mortgage rates fell for the fourth straight week after the U.S. Federal Reserve cut its benchmark interest rate on Wednesday. However, experts warn that home loan rates may not…
By Samantha Delouya, CNN Mortgage rates fell for the fourth consecutive week after the U.S. Federal Reserve cut its benchmark interest rate on Wednesday. However, experts warn that rates on housing loans might not fall much further in the short term. The average fixed mortgage rate to 30 years dropped to 6.17 percent in the week ending October 30, compared to 6.19% of the previous week, according to Freddie Mac's data published on Thursday, whic…
Falling Mortgage Rates: What It Means for Construction Demand and Housing Investment
Mortgage rates have dropped to their lowest level in more than a year, reigniting interest among homebuyers and investors while driving refinancing activity up by an astonishing 111% year-over-year, according to CNBC. After months of high borrowing costs that slowed housing momentum, this sudden shift could reshape the construction and real estate landscape heading into […] The post Falling Mortgage Rates: What It Means for Construction Demand a…
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