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If the Fed doesn't cut rates in December, we may see mortgage rates inch up. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.

Persons: Jerome Powell, It's, they've, Freddie Mac, Fannie Mae Organizations: Federal Reserve, Fed, Mortgage Research, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ Microsoft Copilot's underperformance is the latest red flag for investments in AI
▼ + stars: | 2024-11-18 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

The big storyA Copilot conundrumMicrosoft; Chelsea Jia Feng/BIMicrosoft's challenges with its flagship AI product could be another red flag for an industry with high hopes for the tech. Earlier this year, analysts at Barclays highlighted an under-the-radar risk to AI bets: the depreciation costs related to AI chips . A potential Trump trade plan beneficiary: US semiconductor jobs. If Trump's proposed trade plan is enacted, the American semiconductor industry could see hiring growth. Walmart might be just fine under Trump's proposed trade plan.

Persons: Copilot, Chelsea Jia Feng, Insider's Ashley Stewart, Satya Nadella didn't, doesn't, Ashley, It's, Sam Altman, Alistair Barr, Alyssa Powell, Jared Spataro, OpenAI, Biden, Carlyle, Will Matt Gaetz, Will Trump, Rob Arnott, Arnott, ANGELA WEISS, Trump's, Ilya Sutskever, Mira Murati, Rebecca Zisser, homebuyers, Trump, Bob Iger, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, New York.Milan Sehmbi Organizations: Business, Microsoft, Chelsea, Getty, Lumen Technologies, Barclays, Trump, Treasury, UFC, Republican, Getty Images, Elon, Spirit Airlines, JetBlue, Walmart, Walmart US, Shoppers, The Locations: Ukraine, Russia, Rio de Janeiro, New York, Chicago, London, New York.Milan

☆ I'm 30 and bought my first home for $375,000 this year. I have a partner but wanted to buy it on my own.
▼ + stars: | 2024-11-17 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

AdvertisementAyriel Von Schert, 30, wanted to buy a home and didn't want to wait until she was married. Von Schert, a real-estate agent, said she's worked with other single women who have also bought homes alone. Recently, I've helped a couple of other single women buy their own homes. AdvertisementI also don't think it's a good idea to commit to anything permanent with someone you're not in a permanent relationship with. AdvertisementI don't think he minds, because we no longer have a landlord telling us what we can or can't do.

Persons: Von Schert, she's, Ayriel Von Schert, I've, we're, wasn't, it's, I'm Organizations: National Association of Realtors, Mesa , Arizona —, Phoenix, Homeowners Association Locations: Mesa , Arizona, Phoenix

☆ 4 ways Trump's housing plans are expected to hurt homebuyers and 3 ways they could help
▼ + stars: | 2024-11-17 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

AdvertisementHigh housing costs, driven in large part by a shortage of homes, are keeping inflation sticky. Economists say Trump's proposals are a mixed bag; some could help housing costs and some could hurt. Ultimately, housing policy experts and industry leaders say housing costs will largely depend on how much new supply can be delivered to the market, which is suffering from a severe shortage of homes. Federal housing assistanceDuring his first term, Trump repeatedly proposed major cuts to housing assistance for households with low incomes or members with disabilities. This would make it harder for lower-income Americans to afford homes and slow down affordable housing construction.

Persons: Trump, Donald Trump, Karoline Leavitt, Vance, Jim Tobin, Tobin, Maurice Page, JD Vance, they're, Anirban Basu, Biden, Ben Metcalf, Metcalf Organizations: Federal Reserve, Trump, National Association of Home Builders, Biden, Administration, Nevada Housing Coalition, Business, Energy, Associated Builders and Contractors, Economic, of New, Reserve, UC Berkeley, Immigrants, Republican Locations: Nevada , Arizona, Utah, of New York, China

☆ Urban areas are getting hotter. A startup from one of the world’s hottest cities wants to help
▼ + stars: | 2024-11-15 | by ( Amy Gunia | ) edition.cnn.com time to read: +7 min

The urban heat island effect means that city temperatures can be several degrees higher than nearby rural regions. But detailed information about urban temperatures is scarce. Today, his company FortyGuard is focused on leveraging data and artificial intelligence (AI) technology to provide a detailed view of urban temperature dynamics. Ren said what’s most important about urban heat information is how it will be used. “The question is really, who will be the end user of your data, and who will put such urban heat information into their practices?” she says.

Persons: Jay Sadiq, Sadiq couldn’t, Smith, ”, James Voogt, Chao Ren, Sadiq, ” Sadiq, Brandon Bell, Zillow, Ren Organizations: CNN, University of Western, University of Hong, United Arab, Google Locations: Chicago, Los Angeles, Abu Dhabi, Lafayette Reservoir , California, University of Western Ontario, Hong Kong, University of Hong Kong, San Jose , California, Phoenix , Arizona, Masdar City, United Arab Emirates

☆ Mortgage rates may be stabilizing after the election. Here's what to expect into early 2025
▼ + stars: | 2024-11-15 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

Don't expect 'huge swings' on mortgage ratesElection uncertainty contributed to an upward swing in mortgage rates during October. But now that we have a president-elect, mortgage rates are expected to gradually come down over time, Lautz said. Experts say that mortgage rates might head into a "bumpy" or "volatile" path over the next year. "Our expectation is that rates are going to be in the 6% range as we move into 2025," she said. For example, if you bought your home around this time last year, when mortgage rates peaked at around 8%, you might benefit from a mortgage refinance, Lautz said.

Persons: Freddie Mac, it's, Jessica Lautz, Lautz, Jerome Powell, Robert Dietz, Jessica Lautz Jessica Lautz, Jeff Ostrowski, Jacob Channel Organizations: Getty, Federal Reserve, National Association of Realtors, Treasury, Trump, Federal, CNBC Locations: U.S

☆ Trump's plan to build more homes on federal land could push prices higher, UBS says
▼ + stars: | 2024-11-15 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +5 min

Trump's plan to transform federal land into housing will be costly, given minimal existing infrastructure, UBS says. Those policies, plus a set of potentially inflationary proposals, could drive up both home prices and mortgage rates, they say. Trump's plan to transform federal land into more housing seems particularly challenged, the analysts say. The higher rates will likely continue the housing lock-in effect, where existing homeowners prefer to remain locked in at their current lower rates. In prepared remarks on Thursday, Fed Chair Jerome Powell said the US is in no hurry to cut rates, signaling that mortgage rates could stay higher for longer.

Persons: —, Donald Trump's, homeownership, Trump, JD Vance, Vance, homebuyers, Jerome Powell Organizations: UBS, Service, Builders

Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The mortgage market basically took a breather. “Mortgage rates continued to increase last week, driven by higher Treasury yields as financial markets digested the likely impacts of a Trump presidency,” said Joel Kan, the Mortgage Bankers Association’s deputy chief economist. Last year at that time, mortgage rates were 75 basis points higher. “FHA mortgage rates bucked the overall trend and were lower over the week, which likely helped some borrowers,” Kan said.

Persons: Trump, ”, Joel Kan, Kan, ” Kan, Matthew Graham Organizations: Mortgage, “, Trump, Federal Housing Administration, U.S . Department of Veterans Affairs, Veterans, Mortgage News

☆ Trump made larger gains in 2024 in housing’s toughest markets, data shows
▼ + stars: | 2024-11-10 | by ( Jasmine Cui | Jasmine Cui Is A Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

Across the country Tuesday, counties moved toward Trump by a median of 3.1 percentage points compared to the 2020 election. But in the top 10% of counties ranked most difficult for buying a home, the median shift was 4.5 percentage points. In Passaic County, New Jersey, with a population of more than 500,000, voters flipped for Trump by nearly 19 percentage points. Nearby in Pennsylvania, Northampton County — which narrowly tipped red with a shift of 3 percentage points — has a similar story. But not all high-challenge housing counties swung toward Trump.

Persons: Donald Trump, Trump, wasn’t, ”, Robert Shapiro, Harris, ” Shapiro, It’s, —, Bernard Fraga, Fraga, Joe Biden, ” Fraga, ‘ Organizations: NBC, Trump, Republicans, Columbia University, “ Voters, Democratic, Emory University Locations: Arizona, Georgia, North Carolina, Pennsylvania, Passaic County , New Jersey, America, In Passaic, Northampton County —, Northampton, Mesa County, Mesa, “

Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. “Sixes are the new normal,” said Lisa Sturtevant, chief economist at Bright MLS, a mortgage listing services group, referring to 6% mortgage rates. It’s really not going to be impacting mortgage rates at all.”Mortgage rates work differently. When demand for those increases, mortgage rates tend to fall.

Persons: Donald Trump’s, ”, Lisa Sturtevant, Brian Rehling, Trump, Mike Fratantoni, ” Fratantoni, Helene, ” Samuel Tombs, Tombs, Sturtevant, “ It’s Organizations: Federal, Bright MLS, Federal Reserve, Wells, Investment Institute, ”, U.S, Mortgage, Association, “, National Association of Realtors, Pantheon, NBC

Trump picked up a larger portion of voters under 30 than any Republican presidential candidate since 2008, according to NBC News exit polling, improving with both young men and young women. In 2020, President Joe Biden beat Trump by 11 percentage points among young men; this year, Trump beat Kamala Harris by 2 points. Among young women, Biden’s 35-point lead over Trump in 2020 shrunk to a 24-point lead for Harris. Among young white men without college degrees, Trump beat Harris, 56% to 40%. “Every candidate and party had an opportunity to really listen to young voters and hear what they really wanted,” Kawashima-Ginsberg said.

Persons: Donald Trump’s, “, Adin Ross, Theo Von, Bussin, Joe Rogan, ” Dana White, Trump, Joe Biden, Kamala Harris, Harris, “ it’s, ”, Kei Kawashima, Ginsberg, Young, Kawashima, Rogan, influencers, Jake Paul, ” Kawashima, Ryan Jones, Jones, would’ve, Jaiveer Bajwa, Kaeli Bennet, Barron Trump, Joe Rogan’s, Barron, Sobolewski, Von, ” Trump, Von’s, Alex Cooper’s “, Gen, Harris ’, Anil Cacodcar, you’re, ” Cacodcar Organizations: Trump, Republican, NBC, Tufts University’s Center for Information, Research, Civic, Edison Research, Harris ’, Trump ., YouTube, Harvard, Biden Locations: United States, Pennsylvania, Ohio

☆ Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
▼ + stars: | 2024-11-07 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Following Donald Trump's Presidential election win, 30-year fixed mortgage rates briefly surged, settling at 6.98% as of Thursday, according to Mortgage News Daily . Recent interest rate cuts have brought relief to credit card, personal loan and auto borrowers, but homebuyers are unlikely to catch a break as mortgage rates continue to climb. While mortgage rates often move in step with the Fed's benchmark rate, they're more directly tied to 10-year Treasury bond yields. These yields tend to rise when investors expect stronger economic growth and higher inflation — even when the Federal Reserve is cutting the federal funds rate. Either way, "continued deficit spending, coupled with discussions of additional tariffs on imports, is likely to keep [mortgage] rates elevated through the remainder of 2024," says Nourmand.

Persons: Donald Trump's, Melissa Cohn, William Raveis, Harris, Michael Nourmand, — Organizations: Reserve, Mortgage News, Federal Reserve, William Raveis Mortgage, Trump, Associates, CNBC Locations: New York, Los Angeles

☆ The market is already indicating the early winners and losers from Trump's win
▼ + stars: | 2024-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A pillar of President-elect Donald Trump's campaign was the economy and the work he would do to "fix it." Tesla shareholders: The EV giant took off with news of Trump's win, finishing the day up almost 15%. Bond yields are already soaring, indicating the market expects the cost of borrowing to keep rising. Investors in Europe: European growth stands to take a hit from Trump's proposed tariffs, according to Goldman Sachs.

Persons: —, Donald Trump's, Elon Musk's, Trump, that's, Goldman Sachs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Ella Hopkins, Grace Lett, Amanda Yen, Milan Sehmbi Organizations: Business, Service, White, Nasdaq, Dow Jones Industrial, GOP, Tesla, Trump, bitcoin, Treasury, Investors Locations: Europe, New York, London, Chicago

☆ Get ready for inflation and interest rates to rise again
▼ + stars: | 2024-11-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Federal Reserve would likely respond to inflation by raising interest rates to curb demand. In an economic chain reaction, households would then pay higher interest rates on borrowing of all kinds as the Fed moves to tame that newly rekindled inflation. That led to the 30-year fixed mortgage rate rising, meaning homebuyers are on track to see higher interest rates on loans. An analysis by the nonpartisan Tax Policy Center found that Trump's policies would decrease posttax incomes by an average of $1,800 in 2025. Trump's win is also expected to influence the Federal Reserve's upcoming decisions on interest rates.

Persons: Donald Trump, —, Trump, Ramping, Trump's, it's, Jerome Powell, Joseph Stiglitz Organizations: Federal, Service, Biden, US Census Bureau, Trump, Peterson, Center, American Progress, Tax Foundation, Fed Locations: China

Harris offered to console Democrats over the loss to former President Donald Trump, acknowledging they were "feeling and experiencing a range of emotions right now." Trump never did when he lost to President Joe Biden and Harris in 2020. After Biden dropped out and endorsed Harris, Democrats reveled in the change, flooding donation channels and crushing fundraising records. The Biden campaign was skidding off course, setting off an eruption of party panic. Memorably, Harris offered a stinging rebuttal to Trump’s insistence on the debate stage that he had won the 2020 election.

Persons: Kamala Harris, Harris, Donald Trump, Trump, Joe Biden, Biden, MAGA, —, reveled, Roe, Wade, Hillary Clinton’s, “, ” Harris, Donald J, Shuran Huang, Nancy Pelosi, Harris ’, Oprah, Bruce Springsteen, John Legend, “ Donald Trump Organizations: mater Howard University, Wednesday, Democratic, Trump, Republicans, Republican Party, Republican, Democrats, Biden, Trump —, NBC News, White, U.S . Capitol, “, Service, Democratic National Convention Locations: U.S, California, America, Washington, “ America, United States of America, United States, Butler , Pennsylvania, Chicago, Iowa, Ohio

☆ Here’s what Trump is proposing for the economy
▼ + stars: | 2024-11-06 | by ( Katie Lobosco | Tami Luhby | ) edition.cnn.com time to read: +10 min

This includes, among other things, an increase to the standard deduction, lower marginal income tax rates for most income brackets, and an increase to the estate tax exemption. Though his campaign hasn’t released details on the proposal, Trump has indicated that he would eliminate both federal income taxes and payroll taxes, which fund Social Security and Medicare. However, these workers would then get smaller Social Security payments after they retire. Around half of beneficiaries – mainly those with higher incomes – pay federal income tax on their Social Security payments. Trump has also floated ending the federal income tax and replacing it with revenue from tariffs.

Persons: Donald Trump, Trump, Kamala Harris, hasn’t, Ohio Sen, JD Vance, He’s, Harris, Elon Musk, John Deere, ” Vance Organizations: Washington CNN —, Security, Democratic, Social Security, Center, Social, Budget, Trump, Biden, Republican Party, ” Invest, Federal Reserve Locations: Las Vegas, Mexico, Canada, Midwest

☆ 4 major wins for YIMBYs on election night — and one loss
▼ + stars: | 2024-11-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

Many of the efforts were focused on allocating more funds for affordable housing. They voted for a slew of measures, most of which will create additional funding for affordable housing. Affordable housing bonds in Rhode Island, North Carolina, and BaltimoreSeveral cities and states along the East Coast voted on Tuesday to fund affordable housing bonds. Proponents of stricter rent control say preventing landlords from price gauging is key to protecting the most vulnerable tenants. Freemark argued that it's unclear what the mixed results on rent control mean for the pro-housing movement.

Persons: —, Donald Trump's, Yonah, Karen Bass, Angelenos, Charlotte, Hill, Anselmo —, Freemark, I'm Organizations: Service, Trump, Republican Party, Urban Institute, LA, East Coast, Orlando In, Denver Locations: Angeles, Los Angeles County, LA, Rhode Island , North Carolina, Baltimore, Rhode Island, homebuyers, North Carolina, Asheville, New Orleans, Orlando, Orlando In New Orleans, Orlando , Florida, Denver, California, Hoboken , New Jersey

☆ Average age of first-time homebuyers is 38, an all-time high. Here's what that says about the real estate market
▼ + stars: | 2024-11-05 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +3 min

'The biggest issue of housing today'The housing shortage in the U.S. is "the biggest issue of housing today," said Orphe Divounguy, senior economist at Zillow. As of mid-2023, there's a housing shortage of 4 million homes, according to the NAR. Rent prices increased faster than tenants' wages during the pandemic. "We're seeing renters staying renters for longer because affordability has been so squeezed," he said. High rent prices not only affect your ability to save money to buy a home, it can affect your ability to pay down any existing debt, Lautz said.

Persons: homebuyer, Jessica Lautz, Orphe Divounguy, Jonathan Scott, Scott, Selma Hepp, Divounguy, Lautz Organizations: National Association of Realtors, NAR, HGTV, CNBC Locations: U.S

☆ A couple renovating their new home found a body in the attic, reviving a 15-year-old mystery
▼ + stars: | 2024-11-05 | by ( Joshua Nelken-Zitser | Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

A couple in France found human remains in their attic during home renovations. The bones likely belong to a former owner who went missing 15 years ago, a local prosecutor said. AdvertisementA couple were doing work on their recently purchased property in northeastern France when they made a chilling discovery — human remains in the attic. The property owners weren't named. AdvertisementHowever, Glady told AFP that the skeleton "very likely" belonged to the former homeowner, who disappeared in 2009 when he was 81.

Persons: —, Olivier Glady, Glady, Randall Bell, Experian, Benoit Vautrin, Républicain Lorrain, Aloïs Iffly Organizations: Service, Business, AFP, Landmark Research, Strasbourg Institute, Forensic Medicine, Local Locations: France, Erstroff

After leaving the workforce during the pandemic because she couldn’t find affordable child care, Longenecker said her family has been economizing. But her husband recently got a new job that pays more per hour and with lower health care costs. Her husband’s side gig has been “flourishing,” giving them steady monthly income and a glimpse of a future beyond waiting tables. Her monthly retirement income of around $7,600 is comfortable, but homeowners insurance, utilities and long-term care costs are weighing on her. Keys said Harris has put forth clearer economic policies, like her plan to offer first-time homebuyers $25,000 in downpayment assistance.

Persons: Kamala Harris, Donald Trump, Harris, Stefanie Longenecker, Longenecker, she’s, I’m, they’re, ”, ” Longenecker, Stefany Serna, He’s, “ We’ve, ” Serna, Serna, “, Serna isn’t, Lucy Haverfield, ” Haverfield, Hurricane Milton, Helene, Milton, Trump, “ I’m, Nancy Breland, hasn’t, Breland, “ I’ve, Otis Keys, ” Keys, Keys, Becky Melvin, Trump’s “, multibillionaire Tesla, Elon Musk, —, Melvin Organizations: NBC, Biden, Pa ., Trump, YouTube, ” Times, Social, Social Security, UPS, Teamsters Locations: Palmyra, Pa, Palmyra , Pennsylvania, China, Coral Gables , Florida, Alva , Florida, Hurricane, Florida, Alva, Fla, Canada, Georgia, Dallas, Jacksonville, America, Jacksonville , Florida

☆ The average age of U.S. homebuyers jumps to 56—homes are 'wildly unaffordable' for young people, real estate expert says
▼ + stars: | 2024-11-04 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

The average age of homebuyers in the U.S. has risen by six years since July 2023 — another sign that younger Americans are being priced out of the market due to escalating ownership costs. The average age of homebuyers is now 56, up from 49 in 2023, according to the National Association of Realtors' annual state-of-the-market report released Monday. That's a historic high, up from an average age in the low-to-mid 40s in the early 2010s. The median age of first-time buyers also rose from 35 to 38, while the share of first-timers dropped from 32% to 24% of all buyers for the year ending July 2024. The median U.S. home price is now $435,000, per NAR — up 39% since 2020 — while the average 30-year fixed mortgage rate has more than doubled to over 6% in that time.

Persons: I've, Bob Driscoll Organizations: National Association of Realtors, Rockland Trust Locations: U.S, Massachusetts, Rockland

☆ Americans who bought homes in 2024 were older and richer than ever
▼ + stars: | 2024-11-04 | by ( Samantha Delouya | ) edition.cnn.com time to read: +4 min

Like first-time buyers, the typical repeat buyer has gotten older, with their median age increasing to 61 years from 58 last year. Repeat buyers’ median household income rose to $114,300 from $111,700 in the last year, as well, according to the NAR. First-time homebuyers may have trouble competing with repeat buyers, who could possibly have sold an existing home to purchase a new one. Repeat buyers were able to enter the housing market with much larger down payments (median 23%) than first-time homebuyers (median 9%). Thirty-one percent of repeat buyers paid all cash for their homes.

Persons: homebuyers, homebuyer, ”, Jessica Lautz, ” Lautz Organizations: CNN, National Association of Realtors, NAR Locations: America

☆ The typical first-time homebuyer in America is older than ever before
▼ + stars: | 2024-11-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +4 min

The typical age of a first-time homebuyer in the US has reached an all-time high: 38. First-time buyers make up 24% of all buyers, the lowest level since NAR started tracking in 1981. The changing characteristics of the typical first-time homebuyer in America are proof of the strain. The typical first-time buyer now has a median age of 38 — up from 35 in 2023. The typical first-time homebuyer is richer than ever, too.

Persons: It's, —, — Gen Zers, millennials, haven't, Jorge Argota, Argota, He's Organizations: National Association of Realtors, Service, NAR Locations: America, Miami, Florida

☆ 7 major US cities where homes are both affordable and easy to find
▼ + stars: | 2024-11-03 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Home transaction activity is up since mortgage rates are down from their peak. The US housing market perked up after mortgage rates plunged from their mid-summer peak through mid-September, even though they've experienced a remarkable resurgence since then. Pending home sales rose 7.4% in September, which was the largest leap since the spring, a late-October report from the National Association of Realtors found. "Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady." 7 affordable cities with home inventoryEven though homeowners have been reluctant to give buyers a discount, there are still places where aspiring proprietors can find fair deals.

Persons: —, they've, Lawrence Yun, Realtor.com, Ralph McLaughlin Organizations: Service, National Association of Realtors Locations: Realtor.com

As the Fed lowers rates, mortgage rates are expected to go down, though next week's cut is already priced in and is unlikely to have an impact. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.50%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down.

Persons: they've, Freddie Mac, it's, Fannie Mae Organizations: of Labor Statistics, Boeing, Federal Reserve, Zillow, Fed, Mortgage, Association, ARM, . Government Locations: U.S, Chevron, Government

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