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Average mortgage rates remain stable as of Thursday, July 25, 2024, a welcome calming after spikes and volatility earlier in the month that pushed 30-year fixed rates above 7.00%.
The average rate on a 30-year fixed jumbo mortgage is 6.70%. Purchase rates for Friday, August 16, 2024. 30-year fixed rate — 6.56%. 20-year fixed rate — 6.24%. 15-year fixed rate — 5.90% ...
Since the quoted yearly percentage rate is not a compounded rate, the monthly percentage rate is simply the yearly percentage rate divided by 12. For example, if the yearly percentage rate was 6% (i.e. 0.06), then r would be 0.06 / 12 {\displaystyle 0.06/12} or 0.5% (i.e. 0.005).
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
Average mortgage rates for 30-year and 15-year terms move lower as of Monday, July 15, 2024, after last week's good news for the economy by way of key inflation data that revealed a decrease in ...
New weekly data from Freddie Mac shows mortgage rates ticking lower week over week as of Friday, July 12, 2024, rounding out a week in which rates for 30-year terms dipped below 7.00% and key data ...
Freddie Mac reports an average 6.95% for a 30-year fixed-rate mortgage, down 4 basis points from last week's average 6.99% for a 30-year fixed-rate mortgage, according to its weekly Prime Mortgage ...
Average mortgage rates open the week lower, with 30-year fixed terms hovering around 6.50% as of Monday, August 12, 2024, as the market awaits key inflation and consumer spending data for July ...