mortgage, Fed and rates
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The rate on a 30-year fixed refinance declined to 6.32% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.37%. For 20-year mortgage refinances,
Explore current mortgage rates and what they mean for homebuyers.
In this economic environment, nearly anything could happen. Here's what to expect for mortgage refi rates next year.
The rate on a 30-year fixed refinance climbed to 6.35% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.38%, and for 20-year mortgages, the average is 6.
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Current mortgage rates
Mortgage rates moved higher yesterday. According to Money’s daily survey, the average rate on a 30-year fixed-rate loan increased by 0.037 percentage points to 6.484%. Rates have been trending higher all week as market analysts and investors anticipated the 0.
Fitch affirms ratings for most top mortgage companies as their market share rises, but MSR leverage and debt trends weigh on some outlooks.
A: Unfortunately this is a tricky issue that can take time to sort out.