mortgage rates series | Eye On Housing

Mortgage Rates Ease Slightly in February Amid Economic Uncertainty

Catherine KohFebruary 27, 2025February 27, 2025

Mortgage rates declined marginally in February, with the average 30-year fixed-rate mortgage falling to 6.84%. After climbing steadily since December and peaking at 7.04% in mid-January, rates have been trending downward. According to Freddie Mac, the average rate for a 30-year fixed-rate mortgage decreased 12…

Mortgage Rates Tick Upward in January

Catherine KohJanuary 31, 2025January 31, 2025

Mortgage rates edged higher in January, with the average 30-year fixed-rate mortgage reaching 6.96%. Rates had been climbing steadily since mid-December—even surpassing 7%—before easing in recent weeks as the bond market stabilized following news that President Donald Trump postponed tariffs plans to February 1. According…