Refinance Rates for May 20, 2025: Refi Rates Inch Down, but Stay Near 7%

Refinance Rates for May 20, 2025: Refi Rates Inch Down, but Stay Near 7%

Unless your mortgage rate is 1% higher than today's averages, refinancing probably won't save you money.

Mortgage Rates Rise Over 7%

The average 30 year mortgage rates just jumped above 7% Monday. The rise came right after Moody’s downgrade of the U.S. credit rating Friday. Despite Fed rate cuts last year, mortgages still shadow the 10 year Treasury bond. Should you panic? Nope. While this is trying to push your dream home out of reach, it won’t be for long. The economic reset that’s coming will fix this corrupt banking/mortgage system. CBS News reports: The average interest …

Mortgage rates climb back above 7% after Moody's U.S. debt downgrade

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

Mortgage rates cross back over 7% after U.S. credit downgrade

The rate on the 30-year fixed mortgage crossed 7%, hitting its highest level since April 11.

Morning Business Report: Mortgage rates climb, housing cools, small biz battles fraud 41NBC News

(LILAMAX)- The average rate on a 30-year fixed mortgage has surged past 7%, reaching its highest level since April 11 — a jump that’s already rippling through the housing market. According to Realtor.com, the rate spike contributed to a 3.2% drop in pending home sales in April compared to the same time last year — a particularly sharp pullback during what is typically a busy spring season. Homebuilder sentiment has also taken a hit, now sitting …

National home prices reached record high in April: First American

First American Data & Analytics released its April 2025 Home Price Index (HPI) report on Tuesday, revealing that house prices nationally are now 57.2% higher compared to pre-pandemic levels. Month over month, the HPI changed +0.4% and tear over year the HPI changed by +2.0%. The report noted that home-price growth reported in last month’s HPI for February 2024 to March 2025 was revised up by 0.2 percentage points, from +0.5% to +0.7%. “House pri…