Most experts predict that mortgage rates will fall steadily in 2025, and forecasts from both the Mortgage Bankers Association (MBA) and Fannie Mae back that up. "I expect mortgage rates to be on a slow grind downward in 2025, barring unexpected softness in the economy," Goodwin says.

Thinking about taking out a mortgage loan? Current mortgage rates drop to 6.88% for 30-year terms, while 15-year terms fall to 6.13%.

The current median interest rate is 6.88% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage

HELOC interest rates hit a new 2024 low this week. Here's why homeowners should consider opening one right now.

Thinking about taking out a mortgage loan? Current mortgage rates rise to 6.99% for 30-year terms, while 15-year terms increase to 6.25%.

The current average mortgage rate on a 30-year fixed mortgage is 7.31%, compared to 7.25% a week earlier, according to Curinos. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 6.

These are today's mortgage and refinance rates. Mortgage rates have been holding steady this month, and they might only drop a little bit next year.

Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, annualized rate of 3.96 million units.

Mortgage rates are approaching the 7% mark again as the purchase demand remained in the doldrums, according to this week's Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.

These are today's mortgage and refinance rates. Strong economic data has kept mortgage rates elevated, and they might only drop a little bit in 2025.