Renewed concerns over tariffs and the broader economy drove treasury yields higher last week, and mortgage rates followed. As a result, total mortgage application volume dropped 10% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.

Whether you're buying a new home or considering mortgage refinancing, the main question is the same right now: When will rates drop? The interest rate environment has remained elevated across various lending products,

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.

The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers.

Mortgage rates tend to fluctuate day by day. So if you’re planning to buy a home, it’s a good idea to keep a close watch on interest rates and weigh various mortgage options. One common type of mortgage is a conventional loan with a 15-year fixed interest rate.

Potential homebuyers may be able to save money with a little-known financing option, but they still need to watch their credit.

With a July Fed cut highly unlikely, there's no downward pressure on mortgage interest rates. Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings ...

Americans saw a chance to save a few dollars on their monthly mortgage payments and took it, pushing refinance applications up 40% versus a year ago.

Mortgage applications dropped 10.0% amid rising interest rates and post-holiday adjustments.   Refinance activity declined 7%, while purchase app