Mortgage Rates Today, Oct. 22

Mortgage Rates Today, Oct. 22: Median Rate Rises to 6.75%
As of Oct. 22, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.75%, which is 0.12 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is 0.13 percentage points higher than yesterday.
Mortgage Rates Today: October 22, 2024—15-Year and 30-Year Mortgage Rates Move Up
Currently, the average interest rate on a 30-year fixed mortgage is 7.06%, compared to 6.94% a week ago, according to Curinos. For borrowers who want to pay off their home faster, the average rate on a 15-year fixed mortgage is 6.
What is a mortgage interest rate modification and how do you get it?
A mortgage rate modification could make sense if your mortgage payments or current rate are higher than you'd like.
Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level since late August.
Today's Mortgage Rates, October 22, 2024 | Why the Strong Labor Market is Keeping Rates High
Mortgage rates for October 22, 2024, are around 6.35%, according to Zillow data.  Mortgage rates have increased thanks to strong jobs data and shifting expectations around Fed rate cuts. Next year, rates should go down.
Mortgage Calculator: This Is How Much You Need To Buy a $425,000 Home With a 6.44% Rate
The median home price dropped from $429,990 in August to $425,000 in September. Mortgage rates rose to 6.44% this week for a 30-year fixed loan, up from 6.32% last week. What impact do these changes have on your monthly mortgage payment?
Mortgage Rates May Be Falling, but You'll Regret Refinancing Now
Mortgage rates have already fallen, but this is only the beginning. Here's why you should hold off on refinancing.
Mortgage demand drops to its lowest level since July, as interest rates return to summer highs
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remained ...
Today’s 30-year mortgage interest rates hold at 6.63%, while 15-year mortgage rates fall to 5.75%
Thinking about taking out a mortgage loan? Current mortgage rates stay at 6.63% for 30-year terms, while 15-year terms ...
Lower Mortgage Rate, But Higher Offer: Buying a House Is Still Hard
Even though mortgage rates have softened since last year, homebuyers are still paying over asking price to secure their dream ...
Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts
The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That ...
Yes, Gas Was Cheaper and Mortgage Rates Were Lower in 2020
A viral online post compares interest rates and gas prices before and after Biden’s presidency. “Remember how on November 5th ...
3 big risks of waiting for mortgage interest rates to fall
While trying to time the market may land you a better interest rate, it can also come with some risks to consider.
How to use a mortgage rate lock to secure a low interest rate
A mortgage rate lock guarantees you’ll receive the interest rate on the date you locked in the rate, even if rates change ...
Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons
If you claim the mortgage interest tax deduction, the effective interest rate you’re paying on your mortgage is reduced by ...
Is a fixed-rate HELOC worth it now? Here's what some experts think.
Fixed-rate HELOCs are a good option for many homeowners — but consider the current rate environment beforehand.