Jan. 29, 2025 – Rates Remain Fairly Steady

Mortgage rates are stuck at 7% as Fed holds steady on interest rates
Mortgage rates are largely stuck at 7% for the time being. The Federal Reserve on Wednesday announced that it was holding its benchmark interest rate steady. The 30-year mortgage rate barely budged following the Fed’s announcement,
Mortgage demand drops further, even as interest rates settle
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remained unchanged at 7.02%.
Mortgage Rates Today: January 29, 2025 – Rates Remain Fairly Steady
The current average mortgage rate on a 30-year fixed mortgage is 6.91%, compared to 6.97% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.
Mortgage rates saw their first drop in six weeks — and this is the No. 1 mortgage provider in January 2025
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Mortgage rates dip, still hovering at 7%
Mortgage rates pulled back slightly this week, with the 30-year fixed rate averaging 7.03 percent, down from 7.06 percent the previous week, according to Bankrate’s latest lender survey. The Federal Reserve held off cutting rates on Wednesday and could keep to that stance until the inflation picture becomes clearer.
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Mortgage Rates Barely Budge After Fed Announcement
Heading into today's Fed announcement, we didn't expect to receive any significant surprise on the stance of monetary policy.
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Friday, ending the week just a few basis points above their lowest level of the new year. Many other loan types also saw ...
Chinese AI DeepSeek’s rout of tech stocks may benefit mortgage rates
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Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices ...