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Mortgage Rates Tick Up

July 10, 2025 by nimdaerickson

July 10, 2025
After declining for five consecutive weeks, the 30-year fixed-rate mortgage moved slightly higher following a stronger than expected jobs report. Despite ongoing affordability challenges in the housing market, home purchase and refinance applications are responding to the downward trajectory in rates, increasing by 25% and 56%, respectively, compared to the same time last year.

Information provided by Freddie Mac.

Filed Under: Interest Rates

Heading into the Holiday Weekend, Mortgage Rates Decrease

July 3, 2025 by nimdaerickson

July 3, 2025
The average 30-year fixed-rate mortgage decreased for the fifth consecutive week. This is the largest weekly decline since early March. Declining mortgage rates are encouraging and, while overall affordability challenges remain, more sellers are entering the market giving prospective buyers an advantage.

Information provided by Freddie Mac.

Filed Under: Interest Rates

Mortgage Rates Decrease

June 26, 2025 by nimdaerickson

June 26, 2025
Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April. Although recent data show that home sales remain low, the resulting available inventory provides homebuyers with a wider range of options to consider when entering the market.

Information provided by Freddie Mac.

Filed Under: Interest Rates

May Monthly Skinny Video

June 23, 2025 by nimdaerickson

Filed Under: Interest Rates

Mortgage Rates Creep Lower

June 19, 2025 by nimdaerickson

June 18, 2025
Mortgage rates moved lower, with the average 30-year fixed rate reaching a four-week low. More available inventory to choose from, coupled with this week’s decline in mortgage rates, could be the spark to get potential homebuyers off the sidelines.

Information provided by Freddie Mac.

Filed Under: Interest Rates

April Monthly Skinny Video

June 16, 2025 by nimdaerickson

Filed Under: Interest Rates

Mortgage Rates Remain Essentially Flat

June 12, 2025 by nimdaerickson

June 12, 2025
Mortgage rates have moved within a narrow range for the past few months and this week is no different. Rate stability, improving inventory and slower house price growth are an encouraging combination this National Homeownership Month.

Information provided by Freddie Mac.

Filed Under: Interest Rates

Mortgage Rates Move Down

June 5, 2025 by nimdaerickson

June 5, 2025
The average mortgage rate decreased this week, which is welcome news to potential homebuyers who also are seeing inventory improve and house price growth slow.

Information provided by Freddie Mac.

Filed Under: Interest Rates

March Monthly Skinny Video

April 24, 2025 by nimdaerickson

Filed Under: Interest Rates

The 30-Year Fixed-Rate Mortgage Continues to Decrease

February 13, 2025 by nimdaerickson

February 13, 2024
The 30-year fixed-rate mortgage continued to inch down this week, reaching its lowest level thus far in 2025. Recent mortgage rate stability is benefitting potential buyers, as purchase demand is stronger than this time last year. This is an indication that a thaw in buyer activity could be on the horizon.

Information provided by Freddie Mac.

Filed Under: Interest Rates

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