How does inflation affect mortgage rates?

Apr 11, 2025 ... A good mortgage interest rate can fall in the high-6% range, depending on several factors, such as the type of mortgage, loan term, and individual financial ... Mar 24, 2025 ... At the beginning of 2025, with the average 30-year fixed mortgage rate at 7%, around 31.5 million households could afford a median-priced home ... Nov 6, 2024 ... What good mortgage rates do buyers want? · 6.5% rate or below: 2% of adults would consider buying · 6% rate or below: 2% of adults would ... Mar 12, 2025 ... Lower mortgage rates are good for housing affordability, but the reason behind the recent dip — a weakening economic outlook — is less ... Jan 29, 2025 ... The current average mortgage rate for someone with a good credit score (700) was 7.42% as of January 3, 2025, according to Curinos data. For example: a 30-year fixed rate loan of $160,000 at 4.50% will have principal and interest of $811 per month. ^ Back to rates. 2 ... The average 15-year fixed mortgage APR is 6.05%. Check our full rate analysis . Want help getting a great mortgage rate? Yes - I want NerdWallet Mortgage ... What is a good credit score to get a mortgage? ; Excellent 961-999. You could be in line for the best mortgage deals with lower interest rates ; Good 881 - 960. The initial interest rate of an ARM is lower than that of a fixed rate mortgage, consequently, an ARM may be a good option to consider if you plan to own ... The mortgage interest rate for your OHFA loan depends on the homeownership product for which you qualify. Rates are subject to change daily.