Last year, the path to lower mortgage rates seemed relatively straightforward: Official inflation would go down, the Federal Reserve would cut interest rates and the cost of borrowing would gradually ease in 2025.

Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time since May as the housing market continues to struggle.

Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.

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.

The average rate on a 30-year fixed mortgage reached 7.04% for the week ending January 16 — the highest level since May.

During his campaign, Trump repeatedly claimed that mortgage rates will return to lows of around 3% (rates are more than double that today), yet experts say that the president is n

Mortgage rates declined this week, with the 30-year fixed rate averaging 7.06 percent, according to Bankrate’s latest lender survey. Still, since the Federal Reserve began cutting interest rates in September,