Jan. 23, 2025 – Rates Move Down

Mortgage Rates Today: January 23, 2025 – Rates Move Down
The current mortgage rate on a 30-year fixed mortgage fell by 0.14 percentage point in the last week to 6.97%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage dropped 0.
Mortgage rates finally fall after 6-week climb
The average 30-year fixed-rate mortgage dropped below 7% after climbing for six consecutive weeks as the housing market sees little relief amid an affordability crisis.
Today's Mortgage Rates | Rates Are Down For Now
These are today's mortgage and refinance rates. Mortgage rates have eased thanks to cooler inflation data, but it's unclear if they'll drop further.
Should I Lock My Mortgage Rate Today?
The timing of your rate lock could save or cost you thousands of dollars. If you're in a bidding war or hoping to close quickly, you probably want to lock the rate.
Mortgage rates top 7%, soar to highest level since May in latest blow to homebuyers
The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.
Today's Mortgage Rates | Rates Hold Steady Around 6.70%
These are today's mortgage and refinance rates. Mortgage rates remain elevated, and they might not drop much this year unless inflation slows further.
Mortgage Rates Fall to Lowest Level of the New Year
After recently shooting up to their highest level since May, rates on 30-year mortgages have moved the other way—falling four days in a row. Most other loan rates also dropped.
Drop in 30-Year Mortgage Rates Extends to a Third Day
After recently shooting up to the most expensive level since May, rates on 30-year loans have fallen considerably the last ...
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Weekly Mortgage Rates Drop as Home Sales Stall
Our opinions are our own. Here is a list of our partners. Mortgage rates dipped below 7% this week as the housing market continued to snuggle into its winter hibernation. The average rate on the ...
Q1 2025 mortgage rates: 30-year fixed loans to average 6.7%
Mortgage rates are likely to remain elevated through at least the first half of the year, keeping sales of previously owned homes subdued.
Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices ...
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
Mortgage Rates Surge Back Above 7% After Strong Jobs Report
“Mortgage rates ticked up for the fifth consecutive week and crossed 7% for the first time since May of 2024,” says Sam ...
The 30-year mortgage rate is back below 7%. How does this affect your purchasing power?
Economic and monetary policy uncertainty and inflationary concerns will likely keep mortgage rates elevated for the near future.” ...
Donald Trump promised to tackle cost-of-living crisis—now he’s risking inflation by demanding interest rates drop ‘immediately’
Progress reducing the rise in consumer prices has stalled, with recent data coming in hotter than expected. By pressuring the ...