Mortgage Rates Today, Oct. 22

Mortgage Rates Today, Oct. 22: Median Rate Rises to 6.75%
As of Oct. 22, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.75%, which is 0.12 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is 0.13 percentage points higher than yesterday.
Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
The average rate on a 30-year mortgage in the U.S. rose for the third week in a row, reaching its highest level in eight weeks. The rate rose to 6.44% from 6.32% last week, mortgage buyer Freddie Mac said Thursday.
What is a mortgage interest rate modification and how do you get it?
A mortgage rate modification could make sense if your mortgage payments or current rate are higher than you'd like.
Today's Mortgage Rates, October 22, 2024 | Why the Strong Labor Market is Keeping Rates High
Mortgage rates for October 22, 2024, are around 6.35%, according to Zillow data.  Mortgage rates have increased thanks to strong jobs data and shifting expectations around Fed rate cuts. Next year, rates should go down.
Mortgage Calculator: This Is How Much You Need To Buy a $425,000 Home With a 6.44% Rate
The median home price dropped from $429,990 in August to $425,000 in September. Mortgage rates rose to 6.44% this week for a 30-year fixed loan, up from 6.32% last week. What impact do these changes have on your monthly mortgage payment?
Mortgage Rates May Be Falling, but You'll Regret Refinancing Now
Mortgage rates have already fallen, but this is only the beginning. Here's why you should hold off on refinancing.
Today's Mortgage Rates, October 21, 2024 | Rates Are Still Down From Last Year
These are today's mortgage and refinance rates. Mortgage rates are up this month, but they're still down over a full percentage point from last year.
Today’s 30-year mortgage interest rates hold at 6.63%, while 15-year mortgage rates fall to 5.75%
Thinking about taking out a mortgage loan? Current mortgage rates stay at 6.63% for 30-year terms, while 15-year terms ...
Lower Mortgage Rate, But Higher Offer: Buying a House Is Still Hard
Even though mortgage rates have softened since last year, homebuyers are still paying over asking price to secure their dream ...
Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts
The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That ...
Mortgage rates climbing despite rate cuts
ABC's Alexis Christoforous reports on the latest housing market as mortgage rates continue climbing, even after the Federal ...
Homebuyers are stuck as mortgage rates defy Fed’s rate cut
The impact? It’s been pretty much as expected: a boost for stock market investors and so-so news for savers. But for ...
Yes, Gas Was Cheaper and Mortgage Rates Were Lower in 2020
A viral online post compares interest rates and gas prices before and after Biden’s presidency. “Remember how on November 5th ...
Mortgage rate hits the highest level in months
Generally, higher rates reflect the strength in the economy, which helps support the housing market. But as mortgage rates ...
How to use a mortgage rate lock to secure a low interest rate
A mortgage rate lock guarantees you’ll receive the interest rate on the date you locked in the rate, even if rates change ...
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons
If you claim the mortgage interest tax deduction, the effective interest rate you’re paying on your mortgage is reduced by ...
Is a fixed-rate HELOC worth it now? Here's what some experts think.
Fixed-rate HELOCs are a good option for many homeowners — but consider the current rate environment beforehand.