The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to 6.79% from 6.88% Applications to refinance a home loan rose 7% last week compared with the ...

“Mortgage rates declined for the sixth consecutive week, with the 30-year fixed rate dropping to 6.67%, the lowest level since October 2024,” said Joel Kan, an MBA economist, in a release.

The mortgage and housing markets continue to navigate choppy waters, with Intercontinental Exchange, Inc. (ICE) experts ...

The pace of new home construction in Canada was nearly unchanged in June, rising just 0.4% from May, according to the latest data from Canada Mortgage and Housing Corporation.

In fact, Fannie Mae predicts the average 30-year mortgage rate will drop to 6.1% by the end of the year, while the Mortgage Bankers Association forecasts a 6.6% average — a mere 0.29% lower than ...

While notable mortgage rate changes are unlikely this summer, other scenarios could still unfold. Trying to time the market perfectly is difficult and counterproductive, though.

How to buy down the interest rate on your mortgage. Temporary buydowns like 2-1 buydowns can be paid for by other parties to attract homebuyers in slower markets. Get the seller to pay for it.