The 30-year mortgage refinance rate average ticked down for a second day but remained elevated. Rate movement for other refi loan types was down or flat.
And he continues: "As 2025 begins, rising long end bond yields pose the biggest challenge to the bull market. Indeed, the latest surge in the 10-year yield helped spur a bout of equity market ...
Mortgage rates have resumed their climb after declining a bit since the announcement of rate cuts. As of Dec. 29, the 30-year fixed mortgage rate is 6.99%, increasing slightly from last week. The ...