Dec 26, 2024 - News
Still-high mortgage rates
Add Axios as your preferred source to
see more of our stories on Google.
The average rate on the 30-year-mortgage was around 6.7% heading into the holidays, according to Freddie Mac.
The big picture: That's up from around 6% when the Federal Reserve cut interest rates in September.
- The central bank has continued to lower rates, while signaling fewer cuts are coming in 2025.
The bottom line: Mortgage rates hovered mostly between 6% and 7% this year.
Go deeper: Why mortgage rates are climbing