Mortgage rates for November 30, 2024, are in the mid-6% range. Rates have been elevated this month, and it's unclear how much they'll drop in 2025. If inflation doesn't cool as anticipated, mortgage rates may remain elevated next year.

A drop in mortgage rates for the first time in two months has sparked a surge in home purchase applications, breathing new life into the stagnant housing market.

The current median interest rate is 6.88% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage

These are today's mortgage and refinance rates. Mortgage rates have been elevated this month, and they may only drop a little bit next year.

Pending home sales increased in October as house hunters reacted to increased property inventory and confidence over economic conditions.

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These are today's mortgage and refinance rates. Mortgage rates have been elevated this month, and whether they fall soon depends on what the Fed does.