The 30-year mortgage refi rate average ticked down for a third day but remained higher than recent averages. Other refi loan types saw mixed movement.

Thus, I’m forecasting that, based on the 6.85% rate at year-end 2024, mortgages will run between 7.55% and 6.15% in 2025. Jonathan Lansner is the business columnist for the Southern California News Group. He can be reached at [email protected]

CoreLogic data illustrates the limited potential for refinances as about 80% of current U.S. mortgage holders have rates below 5%.

Mortgage rates rose again this week to end the year slightly higher than where they began. The average 30-year fixed-rate mortgage rate was 6.85% for the week through Wednesday, according to Freddie Mac data. That’s up from 6.72% a week earlier. Average 15-year mortgage rates rose to 6% from 5.92%.

These are today's mortgage and refinance rates. Mortgage rates dropped in the fall, but they've trended back up over the last few months.

The 30-year mortgage refinance rate average ticked down for a second day but remained elevated. Rate movement for other refi loan types was down or flat.

Mortgage rates are likely to stay high around the seven percent mark. The Wisconsin Realtors Association’s stats on Marathon County show 1,314 homes have been sold so far this year. It’s right around last year’s sales numbers,