High Mortgage Rates Update: January 5, 2025

Today, on January 5th, 2025, mortgage rates are holding steady at around 6.70% for a 30-year fixed loan. These rates can be a bit of a rollercoaster, but there’s hope that they might dip into the low 6% range by the end of the year, which would be a welcome change for many potential homebuyers.

If you’re considering buying a home, it’s essential to understand how these rates can impact your financial situation. The good news is, we’re here to help make sense of it all and provide you with some easy tools to estimate your potential monthly payments.

Stay informed about current mortgage rates and how they might affect your home buying journey. With a little knowledge and preparation, you’ll be better equipped to make the right decisions for your financial future.