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Mortgage rates jump above 7% after Moody’s downgrade of U.S. credit
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 Aa1 to Aaa. It was the last of the major credit-rating firms to strip the country of its triple-A rating.
After yo-yoing in a narrow range in upper-6% territory for more than a week, 30-year mortgage rates have followed that with a four-day climb, inching back up to the 7% threshold. Rates moved higher ...
The average rate on a 30-year mortgage in the U.S. rose this week, returning to where it was just three weeks ago ...
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose. The average rate ticked up to 5.92% from 5.89% last week. It’s down from ...
The trade association now predicts the 30-year, fixed-rate mortgage to average 7% in the second quarter of 2025 (up from 6.8%), edging down to 6.8% in the third quarter (up from 6.7%) and ...
Additionally, the Federal Reserve's decision to hold key interest steady as part of its wait-and-see strategy is expected to ...
These are today's mortgage and refinance rates. Mortgage rates have been elevated recently thanks to uncertainty around ...
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also rose. The average rate ticked up to 5.92% from 5.89% last week. It’s down from ...
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