Mortgage Rates Tick Back Up, Nearing Highest Level Since July

Investopedia12-24 23:44

Editor's Note: Investopedia will not publish daily mortgage rate news on Wednesday, Dec. 25, in observance of Christmas Day. We will return to our daily rate coverage on Thursday, Dec. 26. After ...

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We will return to our daily rate coverage on Thursday, Dec. 26.\n\n\n After ...</p>\n\n<a href=\"https://www.investopedia.com/mortgage-rates-tick-back-up-nearing-highest-level-since-july-dec-24-2024-8766269\">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 Tick Back Up, Nearing Highest Level Since July</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 Tick Back Up, Nearing Highest Level Since July\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-24 23:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/mortgage-rates-tick-back-up-nearing-highest-level-since-july-dec-24-2024-8766269><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Editor's Note: Investopedia will not publish daily mortgage rate news on Wednesday, Dec. 25, in observance of Christmas Day. We will return to our daily rate coverage on Thursday, Dec. 26.\n\n\n After ...</p>\n\n<a href=\"https://www.investopedia.com/mortgage-rates-tick-back-up-nearing-highest-level-since-july-dec-24-2024-8766269\">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":"BK4551","symbol_name":"寇图资本持仓","start_time":0,"source_url":"https://www.investopedia.com/mortgage-rates-tick-back-up-nearing-highest-level-since-july-dec-24-2024-8766269","article_id":"2494737039","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/f0tmr1LmgcJQ-KSNZ6MWMqZnl80=/2480x1880/filters:no_upscale():max_bytes(150000):strip_icc()/12-24orange-27ba07dbb9394e308c2aec4ed777465c.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494737039","pubTimestamp":1735055078,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Editor's Note: Investopedia will not publish daily mortgage rate news on Wednesday, Dec. 25, in observance of Christmas Day. We will return to our daily rate coverage on Thursday, Dec. 26.After retreating for a single day, rates on 30-year new mortgages edged back up on Monday. The current average of 6.95% is again approaching a five-month high. Rate movement was up for most other loan types as well.Compare Current Mortgage Rates Today - Dec. 24, 2024. Triggered by last week's Federal Reserve forecast of scaled-back interest rate cuts in 2025, mortgage rates surged last week to 6.98%, then dipped slightly Friday. But Monday saw the flagship average tick higher again. Adding 3 basis points, the average is currently 6.95%.Rates had sunk to a two-year low of 5.89% back in September, but they've soared by more than a percentage point higher over the past three months.Looking further back, however, 30-year mortgage rates remain well below an April peak of 7.37%. 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We will return to our daily rate coverage on Thursday, Dec. 26.\n\n\n After retreating for a single day, rates on 30-year new mortgages edged back up on Monday. The current average of 6.95% is again approaching a five-month high. Rate movement was up for most other loan types as well.\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\n6.95%\n\n\nFHA 30-Year Fixed\n6.28%\n\n\n15-Year Fixed\n6.14%\n\n\nJumbo 30-Year Fixed\n6.87%\n\n\n5/6 ARM\n7.44%\n\n\nProvided via the Zillow Mortgage API\n\n\n\n\n\n Since 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\nCompare Current Mortgage Rates Today - Dec. 24, 2024\n\n  Today's New Purchase Mortgage Rate Averages  \n Triggered by last week's Federal Reserve forecast of scaled-back interest rate cuts in 2025, mortgage rates surged last week to 6.98%, then dipped slightly Friday. But Monday saw the flagship average tick higher again. Adding 3 basis points, the average is currently 6.95%.\n\n\n Rates had sunk to a two-year low of 5.89% back in September, but they've soared by more than a percentage point higher over the past three months.\n\n\n Looking further back, however, 30-year mortgage rates remain well below an April peak of 7.37%. And they're more than a percentage point cheaper than the historic 23-year peak of 8.01% reached in October 2023.\n\n\n\n\n Rates on 15-year mortgages added 2 basis points Monday. The new 6.14% average is the highest reading since early July. Like their 30-year counterparts, 15-year rates dropped to a two-year low in September, sinking as far as 4.97%. Though today's 15-year average is elevated, it remains almost a percentage point below last fall's historic 7.08% reading—a high since 2000.\n\n\n Jumbo 30-year mortgage rates were meanwhile flat Monday, holding at a 6.87% average. In September, jumbo 30-year rates had sunk to 6.24%, their cheapest average in 19 months. Although daily historical jumbo rates weren't published before 2009, it's estimated that the 8.14% peak we saw in October 2023 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\n6.95%\n+0.03\n\n\nFHA 30-Year Fixed\n6.28%\nNo Change\n\n\nVA 30-Year Fixed\n6.48%\n+0.05\n\n\n20-Year Fixed\n6.89%\n+0.01\n\n\n15-Year Fixed\n6.14%\n+0.02\n\n\nFHA 15-Year Fixed\n6.40%\nNo Change\n\n\n10-Year Fixed\n6.16%\n+0.12\n\n\n7/6 ARM\n7.38%\n+0.05\n\n\n5/6 ARM\n7.44%\n+0.05\n\n\nJumbo 30-Year Fixed\n6.87%\nNo Change\n\n\nJumbo 15-Year Fixed\n6.75%\n+0.04\n\n\nJumbo 7/6 ARM\n7.17%\n-0.05\n\n\nJumbo 5/6 ARM\n7.20%\nNo Change\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 jumped 12 basis points to a weekly average of 6.72%. As recently as Sept. 26, the average had sunk as far as 6.08%. Back in October 2023, however, Freddie Mac's average saw a historic rise, surging to a 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 a first rate cut of 0.50 percentage points, and then followed that with quarter-point reductions on Nov. 7 and Dec. 18.\n\n\n However, the Fed's policy committee cautioned at its meeting last week that, due to stubborn inflation, further rate cuts may be fewer and farther between. This scaled-back forecast for 2025 reductions pushed 10-year Treasury yields higher, which in turn triggered a mortgage rate rise.\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. Use is subject to the Zillow Terms of Use.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494737039"}