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

Early forecasts called for a gradual decline in mortgage rates (potentially reaching 6% by the end of 2025), but concerns ...

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

Moody’s cut the U.S.’s sovereign credit rating from AAA to Aa1. It was the last of the major credit-rating firms to strip the ...

Katherine Watt is a CNET Money writer focusing on mortgages ... bank has held rates steady so far in 2025, extending its holding pattern for a third consecutive meeting on May 7.

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 ...

That pushed the 30-year fixed-rate mortgage up 12 basis points to 7.04%, according to Mortgage News Daily. It later settled at 6.99% later in the day. Moody’s MCO cited an increase in government ...

The Trump's administration's frequent flip-flops on trade policy are likely to keep mortgage rates volatile in the coming months. Katherine Watt is a CNET Money writer focusing on mortgages ...

After hitting a peak of 7.04% in January 2025 ... mid-6% range at least into the summer.” J.P. Morgan: Mortgage rates will remain above 6.5% in 2025 According to financial services firm J.P ...

Nowadays mortgage rates are closer to 6-7%. If the Fed stops raising rates then ... with credit scores in the mid- to high-700s or above," the Consumer Financial Protection Bureau's website ...

Check out CNET Money's weekly mortgage rate ... central bank has held rates steady so far in 2025, extending its holding pattern for a third consecutive meeting on May 7. If President Trump ...

Rates reached a recent peak in late 2023 at 7.79% for 30-year fixed ... relatively recent heights for mortgage rates, average 30-year rates peaked above 16% in the early 1980s.