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 ...

Homebuilders also noted a steep drop in demand in April, with sentiment among that group at the lowest level since the end of ...

Mortgage rates rose in the past week, but they remain relatively stable and are unlikely to further constraint housing ...

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 ...

Even though 30-year mortgage rates receded since cresting above 7% in the early fall of 2022, they've now settled in the mid-6% range for the second half of 2024. The Federal Reserve slashed its ...

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.

The average interest rate for a 30-year mortgage jumped back above the 7% threshold on Monday, with the increase coming after Moody's downgraded the U.S. credit rating on Friday over concerns ...

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 ...

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 ...

That pushed the 30-year fixed-rate mortgage up 12 basis points to 7.04%, according to Mortgage News Daily. Moody's (MCO) cited an increase in government debt and interest-payment ratios that were ...