The current median interest rate is 6.13% for a 30-year fixed-rate mortgage and 5.38% for a 15-year fixed-rate mortgage Senior editor, Buy Side from WSJ Reina Marszalek is a senior editor ...

For a 15-year fixed refinance, the average APR is up 0.08 point week-to-week ... The main goal of most mortgage refinances is to lower your interest rate and maximize your savings.

"Looking ahead, the Fed’s wait-and-see approach is likely to keep mortgage rates at a high-6% in the near term, unless major ...

A point typically costs 1% of the loan amount and can reduce the interest rate by 0.25 percentage points. Mortgage rates have been trending lower after hitting a high of 7.08% last November.

Interest rates were only cut twice in 2024 with base rate falling from a high of 5.25 per cent to 4.75 per cent. This was considerably less than economists and financial markets had forecast at ...