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30-Year and 15-Year Rates Hold Firm
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The average rate on 30-year fixed home loans registered 6.74% for the week ending July 24, barely down from 6.75% last week.
A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.
Mortgage rates hold steady July 23, 2025, with 30-year fixed at 6.625%. Trump hints at capital gains tax cut for home sales.
Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
Elevated mortgage rates have been weighing on the U.S. housing market, which has been in a sales slump since 2022.
The wait for a more affordable housing market is only getting longer as lingering inflation and tariff uncertainties keep the ...
Discover how Charlie Chaplin's 1918 war bond film helped create the 30-financial time frame that eventually helped Americans ...
Mortgage rates dropping to 6% would allow for over 5 million more households to afford a home, according to the National ...
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