The 30-year mortgage rate has inched up to the highest level since early last summer. Refinances are unexpectedly going up.

Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17

Some U.S. consumers are optimistic about the housing market in 2025, believing there's a chance mortgage rates and home prices drop. But how likely is that to really happen?

Mortgage rates in the U.S. have risen above 7%, impacting homebuyers. Economists attribute the increase to inflation concerns and economic strength. A 30-year fixed-rate mortgage in the U.S. averaged 7.