archiveErika Giovanetti

What Are Current Mortgage Rates? Mortgage rates stayed relatively steady around the 7% mark this week, according to the Mortgage Bankers Association. Higher mortgage interest rates during the past several weeks have stalled home purchase activity ahead of the spring season. Mortgage interest rates are forecasted to decline somewhat throughout 2024, as the Federal Reserve projects rate cuts will begin sometime this year. Here are the current mortgage rates, as of Feb. 28: 30-year fixed: 7.04% with 0.67 points (previous week: 7.06% with 0.66 points). 15-year fixed: 6.7% with 0.68...