Mortgage Interest Rates Today: Rates Tick Up to 6.10% After Fed Hits Pause on Cuts

Mortgage rates edged up Thursday, a day after Federal Reserve policymakers opted to hold interest rates steady, despite persistent pressure from President Donald Trump for additional cuts. 

The average rate on 30-year fixed home loans rose to 6.10% for the week ending Jan. 29, up from 6.09% the week before, according to Freddie Mac. For perspective, rates averaged 6.95% during the same period in 2024.

"Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time," said Sam Khater, Freddie Mac’s chief economist.

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Happy to help first time Buyers

Number of Listings are going up and

Prices are slightly

So not crashing as some web sites like to tell us!

-Master Negotiator-

Real Estate Mogul Barbara Corcoran Reveals Top Homebuying ‘Rule’ That Helps Ensure ‘You Can Always Sell It’ Later On

"My rule is: Every home I ever bought, I bought the best location I could possibly afford and very often couldn’t afford it," she explained. "I was always afraid I couldn't sell it. Later on, if it’s the best location, you can always sell it."

S O L D

3 Bed 2.5 Bath

2200sqft

A truly stunning House. So much more than you expect. The upgrades alone show how well this home has been maintained and loved.

Whole house was painted inside and out

New Roof 2023

New furnace – to be installed during escrow.

All windows have elevated craftsman

farmhouse frames.

Double Hinged Windows

9’ La Cantina Door

New Flooring upstairs

New 3,100 BTU heated gas fireplace/furnace

Tankless water heater

All new toilets

Whole house had Copper Plumbing installed.

Remodeled guest bathroom upstairs.

Ceiling Speakers downstairs

New epoxy garage flooring

Washer & Dryer - convey, 5yrs old.

Garage was painted

New deck in backyard

New equipment for Swim/Spa

Culligan Water Softener can stay or go – Monthly charge $67.11

Contact me for more information

Redfin study suggests home buyers are canceling deals at record rates

Roughly 40,000 U.S. home-purchase agreements were canceled in December, equal to 16.3% of homes that went under contract that month. That’s up from 14.9% a year earlier and marks the highest December rate in records dating back to 2017.

Read MoreThis is based on a Redfin analysis of MLS pending-sales data. The data is seasonal, which is why we compare this December to past Decembers. Please note that homes that fell out of contract during a given month didn’t necessarily go under contract the same month. For example, a home that fell out of contract in December could have gone under contract in November.

“High housing costs and rising inventory have made homebuyers more selective,” said Chen Zhao, head of economics research at Redfin. “Home sellers outnumber buyers by a record margin, meaning the buyers who are in the market have options and may walk away if they believe they can find a better or more affordable home.”

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