Mortgage rates for November 30, 2024, are in the mid-6% range. Rates have been elevated this month, and it's unclear how much they'll drop in 2025. If inflation doesn't cool as anticipated, mortgage rates may remain elevated next year.

Current U.S. mortgage rates show mixed trends, with the 30-year fixed rate steady at 6.45% and the 15-year fixed dipping slightly to 5.80%, according to Yahoo Finance.

A drop in mortgage rates for the first time in two months has sparked a surge in home purchase applications, breathing new life into the stagnant housing market.

These are today's mortgage and refinance rates. Mortgage rates have been elevated this month, and they may only drop a little bit next year.

Rates on new 30-year home loans held their ground at a slightly lower level Tuesday, after sinking dramatically Monday. Movement was mixed for other loan types.

Most experts predict that mortgage rates will fall steadily in 2025, and forecasts from both the Mortgage Bankers Association (MBA) and Fannie Mae back that up. "I expect mortgage rates to be on a slow grind downward in 2025, barring unexpected softness in the economy," Goodwin says.

The current median interest rate is 6.88% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage

Pending home sales increased in October as house hunters reacted to increased property inventory and confidence over economic conditions.

The interest rate market continues the healing process after taking heavy damage in October.  During the course of that month, the average top tier conventional 30yr fixed rate increased more than 0.

These are today's mortgage and refinance rates. Mortgage rates have been elevated this month, and whether they fall soon depends on what the Fed does.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.86% from 6.90%, with points remaining unchanged