Rates Drop Again but Economists Say Momentum Depends on Ceasefire Economists continue to be cautious about the direction of mortgage rates, saying the spring market outlook remains unclear and further decreases could depend on weather the ceasefire in the Middle East remains intact.  The average mor

Mortgage Rates Hit Highest Level of 2026 While mortgage rates hit a high for the year so far, reflecting escalating geopolitical tensions in the Middle East, analysts point to average rates still remaining below year-ago levels and offering some improvement to buyers purchasing power.  The average m

Mortgage Rates Drop Below 6% for the First Time in Over 3.5 Years Just in time for the spring buying season, average mortgage rates crossed “into the fives,” this past week, their lowest level in years, and one economists describe as a “psychological barrier and numeric threshold” that could bring m

Mortgage Rates Drop Again, Hitting Lowest Level Since September 2022 As inventory challenges persist in some markets and have improved in others, economists generally point to a Spring market with increased buyers, provided average mortgage rates remain at their recent years-long lows. The latest Pr

Report: Rate Decline in January Opened Refinance Opportunity for Nearly 5 Million Homeowners Early January declines in mortgage rates unlocked refinance opportunities for nearly five million borrowers and helped push affordability to a four-year high, according to the February Mortgage Monitor relea

Mortgage Rates Continue to Hold Steady Around 6% Housing market watchers say improving home affordability and inventory levels are short-term positives for home shoppers, but caution that the maintaining the independence of the Federal Reserve and tracking broader economic conditions like consumer c

Mortgage Rates Hold, Applications Down This Week This week saw a decrease in overall home purchase applications but the average mortgage rate held steady at or around three-year lows. The latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday, shows the 30-year fixed-rate m