The average long-term US mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac.

“Even by the end of next year, it’s hard to see sub 6 percent mortgage rates,” said Mark Fleming, chief economist at First American, which predicts the average rate on a 30-year mortgage will range between 6% and 6.5% next year, per a report from The Hill.

The mortgage rate environment has undergone significant shifts in recent years, though, making it more difficult to determine what the time is right to make a move. While it was e

Rates on 30-year mortgage refinance loans edged up another 3 basis points Monday, pushing the average up to 7.15%. That's just 4 basis points under the 7.19% reading notched on Dec. 24, which was the most expensive level for 30-year refi rates since late July.

Since the Fed's first cut in September, the average 30-year fixed mortgage rate has gone up nearly a full percentage point. The things we accumulate are meant to be used... and the people in our lives are meant to be valued Take a look at the Official Trailer for Sony Future Immersive Entertainment Concept unveiled at CES 2025.