Here are the average annual percentage rates (APR) on 30- and 15-year fixed mortgage refinances and 5/1 ARM refinances: Today’s Mortgage Refinance Rates The average APR for a 30-year fixed refinance loan remained unchanged at 7.

After years of elevated borrowing costs, mortgage interest rates have just taken a sharp turn lower, and homeowners and buyers are taking notice. According to the latest rate data from the Mortgage News Daily, 30-year fixed mortgage rates have dropped to ...

Mortgage rates for 30-year conforming loans have fallen to 6.33%, with jumbo and FHA loans also seeing declines. Fannie Mae forecasts rates to reach 5.9% by the end of 2026, while the Fed is expected to implement additional rate cuts in October and December.

President Trump said he would direct mortgage backers Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds, a move he said would lower rates and payments.

December 10, 2025. That's the date when the final Federal Reserve meeting will conclude its final 2025 meeting and, with it, a now widely anticipated reduction to the federal funds rate. A rate drop to a range between 3.50% to 3.75% will be welcome for a ...

Mortgage rates tumbled Thursday to a new 11-month low following a disappointing jobs report and alongside August inflation data, which could shape the Federal Reserve's closely watched interest rate decision next week. The average rate on 30-year fixed ...

The current average mortgage rate on a 30-year fixed mortgage is 6.41% with an APR of 6.44%, according to the Mortgage Research Center. The 15-year fixed mortgage has an average rate of 5.45% with an APR of 5.50%. On a 30-year jumbo mortgage, the average ...

Mortgage applications decreased by 1.8% last week, with FHA refinance applications rising 12% due to favorable rates. Despite a decline in conventional and VA applications, FHA's strong performance highlights shifting trends in the mortgage market.