Core Insights - Mortgage rates have increased, with the 30-year fixed mortgage rate rising to 6.12% and the 15-year fixed rate to 5.63% due to a 3% rise in 10-year Treasury yields over the past week [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.12% - 20-year fixed: 5.91% - 15-year fixed: 5.63% - 5/1 ARM: 6.50% - 7/1 ARM: 6.47% - 30-year VA: 5.64% - 15-year VA: 5.26% - 5/1 VA: 5.60% [5] Refinance Rates - The current national average refinance rates are generally higher than purchase rates, with the 30-year fixed refinance rate at 6.24% [16] Economic Outlook - Economists do not anticipate significant drops in mortgage rates before the end of 2025, with potential rate cuts from the Federal Reserve being uncertain [13][17] - The Federal Reserve has made rate cuts in 2025, with a 65% chance of another quarter-point cut predicted for the next meeting in December [14] Mortgage Payment Comparisons - A $400,000 mortgage at a 30-year term with a 6.12% rate results in a monthly payment of approximately $2,429, leading to $474,494 in interest over the term - Conversely, a $400,000 15-year mortgage at a 5.63% rate results in a monthly payment of about $3,296, totaling $193,279 in interest [8]

The Fed’s cut has grabbed headlines, but mortgage rates can do their own thing. Learn what’s driving them—and what it means if you’re buying or looking to refinance. https://t.co/KubeDVDPKD ...

UK homeowners looking to learn how quickly mortgages rates will come down could do worse than study the price of a humble Tesco meal deal https://t.co/31UnpUPpiw ...

Mortgage Market Trends - US mortgage rates fell for a fourth consecutive week, approaching 6% [1] - Economic uncertainty is keeping potential homebuyers out of the market [1]

Welcome back to the exchange. CNBC debuting a new housing market survey going beyond the headline numbers for an on the ground look into residential real estate, which is perfect, right. It's all local.You need on the ground. Diane Ol joins me here on set with a third quarter findings. This is going to get interesting as we have compares.Right. Exactly. What do we know now.Okay, so looking at the third quarter and first just want to explain what we're trying to do here, which is kind of get behind get beyon ...

Core Insights - Mortgage rates have slightly decreased, with the average 30-year fixed mortgage rate falling to 6.13% and the 15-year fixed rate to 5.39% [1] - Rates have been fluctuating but remain lower since the onset of the government shutdown [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.13% - 20-year fixed: 5.78% - 15-year fixed: 5.39% - 5/1 ARM: 6.34% - 7/1 ARM: 6.48% - 30-year VA: 5.54% - 15-year VA: 5.29% - 5/1 VA: 5.61% [5] Refinance Rates - Today's mortgage refinance rates are also provided, indicating that refinance rates can sometimes be higher than purchase rates, but this is not always the case [3] Mortgage Rate Mechanics - Mortgage interest rates are determined by factors that can be controlled, such as comparing lenders and improving credit scores, and factors that cannot be controlled, primarily economic conditions [10][11] - Economic conditions influence mortgage rates; struggling economies typically see lower rates to encourage borrowing, while strong economies may lead to higher rates to temper spending [12] Mortgage Types - The two main types of mortgage rates are fixed and adjustable rates, with fixed rates locking in the interest for the entire loan term, while adjustable rates change after an initial period [8] - A 30-year fixed mortgage is popular for its lower monthly payments but incurs more interest over time, while a 15-year fixed mortgage has higher monthly payments but lower overall interest costs [13][14] FAQs on Mortgage Rates - Some banks, such as Bank of America and Citibank, are noted for offering lower median mortgage rates, but it is advisable to shop around for the best rates [15] - The lowest-ever 30-year fixed mortgage rate recorded was 2.65% in January 2021, and it is unlikely rates will drop below 3% in the near future [17]

Big miss on pending home sales this morning. 0% growth in September vs 1.2% expected.Home affordability is at an all-time low as both prices and mortgage rates remain stubbornly high.Mortgage rates have come down from 8%+ to 6.3% nationwide—that still doesn't cut it. https://t.co/eeZreFyRHlzerohedge (@zerohedge):Pending Home Sales 0.0%, Exp. 1.2%, Last 4.2% ...

Market Trends - The number of homes going under contract in the U S was unchanged in September [1] - The index held at a strong pace as mortgage rates tick down [1]

Market Trends - Pending sales of existing US homes stalled in September [1] - Anxiety about the job market kept potential buyers sidelined [1] - Mortgage rates eased [1]

Market Trends - UK housing transactions show remarkable stability despite budget concerns [1] - Easing gilt yields may lead to lower mortgage rates if the budget is successful [1]