Fed, mortgage
Mortgage Refinance Rates Inch Up, Approaching 2-Month High
With a slight increase Friday, 30-year mortgage refi rates are near their highest level in two months, after hitting a 19-month low in mid-September.
Why mortgage rates are going up despite the Fed's interest rate cut
Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.
Homebuyers are stuck as mortgage rates defy Fed’s rate cut
The impact? It’s been pretty much as expected: a boost for stock market investors and so-so news for savers. But for prospective homebuyers, it’s brought more frustration: Mortgage rates have actually risen in recent weeks. Statewide, the median home price jumped 6.2 percent, to $600,000, as sales fell 3.7 percent.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
The Federal Reserve’s effect on mortgage rates: What to know
While the Fed doesn’t regulate your mortgage rate, the central bank sets the funds rate to impact the economy. This action indirectly influences the loan rates consumers pay. The Fed kept the key rate near zero during its last meeting, with no forecasted rate hikes through 2023.
Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts
The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That rate is a quarter-point higher than it was two weeks ago.
Will Mortgage Rates Come Down Even Further After the Next Fed Meeting?
Mortgage rates are expected to gradually decline over the next year or so, but the immediate impact of rate cuts is unpredictable. Here's what you should know.
Why the Fed Cut Rates and Mortgage Rates Jumped
On September 18, the Federal Reserve kicked off the cutting cycle by reducing overnight rates by 50 basis points. Since then, mortgage rates have gone higher. This is not obviously an intuitive thing to happen.
Why are mortgage rates rising after Fed cut interest rates last month?
The Fed announced first rate cut in a long time last month, but the mortgage rates have continued to rise. Why is this? Here's why.
Here’s why the Fed’s 0.5% rate cut won’t fix America’s housing problem — and why reality may be about to kick in for first-time buyers
The good news is that the Federal Reserve recently cut rates by 0.5% in its September meeting, and more cuts are expected ...
30-Year Mortgage Rates Continue Wavering in Mid-6% Range
Rates on 30-year new purchase loans have been bobbing around the 6.5% mark for two weeks, and ended last week essentially ...
Today's Mortgage Rates, October 21, 2024 | Rates Are Still Down From Last Year
These are today's mortgage and refinance rates. Mortgage rates are up this month, but they're still down over a full ...
Mortgage Rates Today, Oct. 21: Median Rate Remains 6.63%
As of Oct. 21, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year ...
Fed's Logan eyes more gradual rate cuts amid more balance sheet cuts
Federal Reserve Bank of Dallas President Lorie Logan said Monday she sees more rate cuts ahead for the central bank and ...
Today's Mortgage Rates, October 20, 2024 | When Will Rates Go Down Again?
These are today's mortgage and refinance rates. Mortgage rates have increased this month, but they're still expected to go ...