Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.

The average rate on a 30-year fixed mortgage hit 7.04% on Monday, its highest level since April 11. These are today's ...

Mortgage rates surged after the credit-rating agency Moody’s downgraded U.S. debt. Moody’s cut the U.S.’s sovereign credit rating from AAA to Aa1. It was the last of the major credit-rating ...

The rate on the 30-year mortgage, the most popular home loan in the United States, jumped to 7.04 percent this week ... persistent inflation and a potential rise in debt and deficits stemming ...

Mortgage rates rose toward 7%, hitting the highest level ... finance firm Freddie Mac. It was just above 6.5% last week. Rates have been on the rise over the past month, keeping the housing ...

Year over year, the MBA refinance index was up 111% while the purchase index was only up 7% ... mortgage rates. In a competitive housing market with high demand, mortgage rates may rise, while ...

On Thursday, mortgage rates climbed above 7 percent for the first time since May and they're expected to stay above 6 percent throughout 2025. With rates higher than they were in the pandemic ...

30-year mortgage rates spent much of 2024 in the 6% to 7% range, though the path was choppy. They peaked in May at 7.22% before falling for much of the summer to as low as 6.08% in September.

mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%. Rates reached a recent peak in late 2023 at 7.79% for 30-year ...