Current mortgage rates report for April 28, 2025: Rates dip slightly

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Mortgages Cool Off for Homeseekers: Today's Mortgage Rates for April 25, 2025

Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what’s next for Fed rate cuts, labor data and inflation. While mortgage rates always fluctuate, the direction of the housing market is more uncertain than ever. Lingering inflation, threats of a global trade war and mounting recession fears have driven mortgage rates up and down over the last period. For a 30-year fixed-rate mortgage, the average rate you'll pay is 6.85% today, a decrease of -0.01% compared to one week ago. The average rate for a...

Home Sales Fall 5.9% in March as Mortgage Rates Remain High

All regions saw a monthly drop while annual sales fell in the Midwest and Northeast, but rose in the West and were unchanged in the South. Total home sales – which includes completed transactions on single-family homes, condominiums, townhomes and co-ops – now at 4.02 million, is lower than it was in May 2020 as the economy was reeling from COVID-19. The report follows another one from the Census Bureau on Wednesday that said new home sales rose 7.4% in March and are up 6% from a year ago. The...

Today's Mortgage Rates, April 24, 2025: Lower by a Hairsbreadth

Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what’s next for Fed rate cuts, labor data and inflation. With mortgage rates in flux, the housing market remains unaffordable and unpredictable. Lingering inflation, threats of a global trade war and mounting recession fears have driven mortgage rates up and down over the last period. The average interest rate for a standard 30-year fixed mortgage is 6.90% today, down -0.01% compared to one week ago. The average rate for a 15-year fixed mortgage is 6.11%, which...

Mortgage Rates Today for April 24, 2025: 30-Year Rates Stay 6.90%

Today's mortgage rates are influenced by economic and market conditions, as well as personal factors. The rate you’re quoted by a lender might be higher or lower than the national average. Here are some of the items considered when calculating your mortgage rate: • 10-year Treasury yield: Current mortgage rates, especially on a 30-year fixed-rate mortgage, are related to movements in the 10-year Treasury yield. • Mortgage-backed securities: The rate investors earn on mortgage-backed securities also plays a role.

US New Home Sales Surged In March As Mortgage Rates Tumbled, But...

New home sales soared 7.4% MoM in March (dramatically better than the +1.3% MoM expected), lifting sales up 6.0% YoY... While new home sales soared amid the tumbling mortgage rates, April has seen rates surge back up to 7.00%, suggesting this sudden sales spike will be short-lived... And if confirmation was needed, the more timely 'mortgage applications' data shows a major plunge in the last two weeks... ...and if you're hoping for lower rates to keep the American Dream alive, that will likely come at the cost of a recessionary...

Mortgage rates jump higher, casting a chill over the housing market

Mortgage applications are an early indicator of sales activity in the housing market.

Mortgage rates shot up for the second week in a row, to a two-month high, as home buyers are taking a break from the market.

Mortgage rates rose nearly 30 basis points in two weeks, due to increased uncertainty over the future of the U.S. economy as the Trump administration continues to levy tariffs on imported goods.

Current mortgage rates report for April 23, 2025: Rates head upward again

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