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Mortgage and refinance rates today, December 29, 2024: Rates now exceed their summer peak

Yahoo Finance
Summary
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83% Informative

Some mortgage interest rates have increased today while others have decreased.

The 30-year fixed mortgage rate is down by one basis point to 6.72% , putting it at its highest point since July .

A few months ago , economists had much higher hopes for mortgage rates in 2025 .

Now, due to various factors, including the 10-year Treasury yield, fewer upcoming Federal Reserve rate cuts, and a second Trump presidency — predictions are much more conservative.

Lately, some fixed rates have been starting lower than adjustable rates.

If you want a lower rate, try saving more, improving your credit score, or paying down some debt.

The average 30-year fixed mortgage rate is 6.72% right now, according to Zillow .

VR Score

87

Informative language

88

Neutral language

60

Article tone

informal

Language

English

Language complexity

32

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not offensive

Hate speech

not hateful

Attention-grabbing headline

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Known propaganda techniques

not detected

Time-value

medium-lived

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