Mortgage rates have been static in the first month of 2025. The long-term costs of a home loan are keeping borrowers on the sidelines as rates have been above 7% since Christmas — the longest such stretch since July 2024 when they were in the middle of a long and steady decline.
But lenders and borrowers may notice some slight improvements. HousingWire’s Mortgage Rates Center shows that the average 30-year conforming rate was 7.14% on Tuesday, down 4 basis points (bps) in the past week. The average 15-year conforming rate has continued a recent streak of volatility but has shed details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com