Mortgage Rates Today at 7.20%: Up From Friday, Below 7.28% a Week Ago, With October CPI Due Tuesday
The average rate on a 30-year fixed mortgage in the United States was 7.20% on Monday, November 9, according to Bankrate's national survey of lenders, up from Friday but below the 7.28% recorded a week earlier.
By loan type, the 15-year fixed averaged 6.60%, down from 6.72% a week ago; the 5/1 ARM averaged 6.22%, down from 6.55%; and the 30-year fixed jumbo averaged 7.32%, down from 7.40%. The 30-year fixed refinance rate averaged 7.30%. The figures are interest rates, not APRs.
The Federal Reserve voted at its October 28 meeting to hold the federal funds rate at 3.75% to 4%, though two committee members voted for a quarter-point increase. According to CME FedWatch, many experts project the Fed will raise rates once more at its December meeting.
Fannie Mae's latest forecast projects that mortgage rates will remain in the 7.50% range throughout 2027.
This week's focus is the October consumer price index, due Tuesday morning, November 10, which could move rates in either direction. Bond markets are closed on Wednesday, November 11, for Veterans Day.
Source: Bankrate
Published by GSM · USA (original Chinese edition)
Photo: 美国一处待售住宅前的售房牌。（Rick Obst 摄，CC BY 2.0，经 Wikimedia Commons）
