Mortgage Rates Inch Lower for a Second Day

Investopedia11-21

Rates on 30-year mortgage dipped slightly Wednesday to a 6.90% average, for a second consecutive day of downward movement. But rates are still near their highest level since July. Back in September, ...

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Back in September, ...</p>\n\n<a href=\"https://www.investopedia.com/mortgage-rates-inch-lower-for-a-second-day-nov-21-2024-8749166\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mortgage Rates Inch Lower for a Second Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMortgage Rates Inch Lower for a Second Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-21 22:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/mortgage-rates-inch-lower-for-a-second-day-nov-21-2024-8749166><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Rates on 30-year mortgage dipped slightly Wednesday to a 6.90% average, for a second consecutive day of downward movement. But rates are still near their highest level since July. Back in September, ...</p>\n\n<a href=\"https://www.investopedia.com/mortgage-rates-inch-lower-for-a-second-day-nov-21-2024-8749166\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4141","symbol_name":"半导体产品","start_time":0,"source_url":"https://www.investopedia.com/mortgage-rates-inch-lower-for-a-second-day-nov-21-2024-8749166","article_id":"2485416986","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/rg4lvpH7QlQqOCi6G01RSB0LvKE=/2480x1880/filters:no_upscale():max_bytes(150000):strip_icc()/11-21linev2-74f1ecb9fc5e4151acf9de7ab2545c93.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485416986","pubTimestamp":1732199476,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Rates on 30-year mortgage dipped slightly Wednesday to a 6.90% average, for a second consecutive day of downward movement. But rates are still near their highest level since July. Back in September, mortgage rates plunged to a 2-year low. But since then, they've surged.Rate movement was close to flat for most other mortgage types Tuesday.Compare Current Mortgage Rates Today - Nov. 21, 2024. Rates on 30-year new purchase mortgages dropped another basis point Wednesday, after a mild decline Tuesday. That lowers the flagship average to 6.90%, still close to an early November peak of 6.93% that was the most expensive level since July 3. Rates are currently about a full percentage point higher than the two-year low enjoyed in September—when the 30-year average plunged to 5.89%.However, rates on 30-year mortgages still remain below July's high 7.08% average. They are also about 1.1 percentage points cheaper than the historic 23-year peak of 8.01% reached last October.Every Thursday, Freddie ","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4141":"半导体产品","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4585":"ETF&股票定投概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4079":"房地产服务","BK4588":"碎股","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","Z":"Zillow"},"translate_title":"抵押贷款利率连续第二天小幅下降","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"Z":0.9,"US7Y.BOND":0.9,"US6M.BOND":0.9,"US5Y.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US12M.BOND":0.9,"US10Y.BOND":0.9},"content_text":"Rates on 30-year mortgage dipped slightly Wednesday to a 6.90% average, for a second consecutive day of downward movement. But rates are still near their highest level since July. Back in September, mortgage rates plunged to a 2-year low. But since then, they've surged.\n\n\n Rate movement was close to flat for most other mortgage types Tuesday.\n\n\n\n\n \n\n\n\n\n\nNational Averages of Lenders' Best Mortgage Rates\n\n\nLoan Type\nNew Purchase\n\n\n\n\n30-Year Fixed\n6.90%\n\n\nFHA 30-Year Fixed\n6.72%\n\n\n15-Year Fixed\n6.09%\n\n\nJumbo 30-Year Fixed\n6.95%\n\n\n5/6 ARM\n7.68%\n\n\nProvided via the Zillow Mortgage API\n\n\n\n\n\n Because rates vary widely across lenders, it's always smart to shop around for your best mortgage rate and compare rates regularly, no matter the type of home loan you seek.\n\n\n\n\n\n\n\nCompare Current Mortgage Rates Today - Nov. 21, 2024\n\n  Today's New Purchase Mortgage Rate Averages  \n Rates on 30-year new purchase mortgages dropped another basis point Wednesday, after a mild decline Tuesday. That lowers the flagship average to 6.90%, still close to an early November peak of 6.93% that was the most expensive level since July 3. Rates are currently about a full percentage point higher than the two-year low enjoyed in September—when the 30-year average plunged to 5.89%.\n\n\n However, rates on 30-year mortgages still remain below July's high 7.08% average. They are also about 1.1 percentage points cheaper than the historic 23-year peak of 8.01% reached last October.\n\n\n\n\n Rates on 15-year mortgages also shed 1 basis point, reducing Wednesday's average to 6.09%. That's also just below a four-month high. Like 30-year loans, 15-year rates fell to a two-year low in September, sinking as far as 4.97%. Though today's 15-year rates are elevated, they remain almost a percentage point below last fall's historic 7.08% reading—a high since 2000.\n\n\n Jumbo 30-year mortgage rates meanwhile added a basis point Wednesday, raising the average to 6.95%. That's slightly below a recent three-month high of 6.99%. Back in September, jumbo 30-year rates had sunk to 6.24%, their lowest average in 19 months. Although daily historical jumbo rates weren't published before 2009, it's estimated that the 8.14% peak we saw last fall was the most expensive jumbo 30-year average in 20-plus years.\n\n\n \n\n\n\n\n\n\nNational Averages of Lenders' Best Rates – New Purchase\n\n\nLoan Type\nNew Purchase Rates\nDaily Change\n\n\n\n\n30-Year Fixed\n6.90%\n-0.01\n\n\nFHA 30-Year Fixed\n6.72%\nNo Change\n\n\nVA 30-Year Fixed\n6.35%\nNo Change\n\n\n20-Year Fixed\n6.77%\n-0.01\n\n\n15-Year Fixed\n6.09%\n-0.01\n\n\nFHA 15-Year Fixed\n6.40%\nNo Change\n\n\n10-Year Fixed\n6.13%\n-0.16\n\n\n7/6 ARM\n7.58%\nNo Change\n\n\n5/6 ARM\n7.68%\n+0.01\n\n\nJumbo 30-Year Fixed\n6.95%\n+0.01\n\n\nJumbo 15-Year Fixed\n6.99%\n+0.05\n\n\nJumbo 7/6 ARM\n7.33%\nNo Change\n\n\nJumbo 5/6 ARM\n7.38%\n-0.04\n\n\nProvided via the Zillow Mortgage API\n\n\n\n\n\n\n\n\n  The Weekly Freddie Mac Average  \n Every Thursday, Freddie Mac, a government-sponsored buyer of mortgage loans, publishes a weekly average of 30-year mortgage rates. Last week's reading shaved off a single basis point, leaving the weekly average at 6.78%, while as recently as Sept. 26, the average sank to a two-year low of 6.08%. Last October, Freddie Mac's average moved the other way, surging to a historic 23-year peak of 7.79%.\n\n\n Freddie Mac’s average differs from what we report for 30-year rates because Freddie Mac calculates a weekly average that blends five previous days of rates. In contrast, our Investopedia 30-year average is a daily reading, offering a more precise and timely indicator of rate movement. In addition, the criteria for included loans (e.g., amount of down payment, credit score, inclusion of discount points) varies between Freddie Mac's methodology and our own.\n\n\n Calculate monthly payments for different loan scenarios with our Mortgage Calculator.\n\n\n\nThe rates we publish won’t compare directly with teaser rates you see advertised online since those rates are cherry-picked as the most attractive vs. the averages you see here. Teaser rates may involve paying points in advance or may be based on a hypothetical borrower with an ultra-high credit score or for a smaller-than-typical loan. The rate you ultimately secure will be based on factors like your credit score, income, and more, so it can vary from the averages you see here.\n\n\n  What Causes Mortgage Rates to Rise or Fall?  \n Mortgage rates are determined by a complex interaction of macroeconomic and industry factors, such as:\n\n\n\nThe level and direction of the bond market, especially 10-year Treasury yields\nThe Federal Reserve's current monetary policy, especially as it relates to bond buying and funding government-backed mortgages\nCompetition between mortgage lenders and across loan types\n\n\n Because any number of these can cause fluctuations simultaneously, it's generally difficult to attribute the change to any one factor.\n\n\n Macroeconomic factors kept the mortgage market relatively low for much of 2021. In particular, the Federal Reserve had been buying billions of dollars of bonds in response to the pandemic's economic pressures. This bond-buying policy is a major influencer of mortgage rates.\n\n\n But starting in November 2021, the Fed began tapering its bond purchases downward, making sizable reductions each month until reaching net zero in March 2022.\n\n\n Between that time and July 2023, the Fed aggressively raised the federal funds rate to fight decades-high inflation. While the fed funds rate can influence mortgage rates, it doesn't directly do so. In fact, the fed funds rate and mortgage rates can move in opposite directions.\n\n\n But given the historic speed and magnitude of the Fed's 2022 and 2023 rate increases—raising the benchmark rate 5.25 percentage points over 16 months—even the indirect influence of the fed funds rate has resulted in a dramatic upward impact on mortgage rates over the last two years.\n\n\n The Fed maintained the federal funds rate at its peak level for almost 14 months, beginning in July 2023. But on Sept. 18, the central bank announced the first rate cut in what's expected to be a series of decreases in 2024 and likely 2025. This first reduction was by 0.50 percentage points.\n\n\n On Nov. 7, the Fed announced an additional rate cut of 0.25 percentage points, bringing the federal funds rate to 4.5% to 4.75%. With this cut, the fed funds rate reaches its lowest level since March 2023.\n\n\n The Fed's next rate announcement will be made Dec. 18.\n\n\n  How We Track Mortgage Rates  \n The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e., a down payment of at least 20%) and an applicant credit score in the 680–739 range. The resulting rates represent what borrowers should expect when receiving quotes from lenders based on their qualifications, which may vary from advertised teaser rates. © Zillow, Inc., 2024. 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