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Mortgage rates continue to climb despite cuts by Fed
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.
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.
Here's why mortgage rates are going up
What’s wrong with this picture,” prospective homebuyers may be asking. The Federal Reserve cut interest rates by .50% but mortgage rates have risen for th
China Cuts Key Lending Rates
China cuts benchmark loan prime rates by 25 bps
China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates last month as part of a package of stimulus measures to revive the economy.
China Cuts Key Lending Rates as Easing Push Intensifies
China's banks cut their main lending rates, in a well-telegraphed move, as policymakers intensify their efforts to boost the slowing economy. Find out more:
Chinese Banks Slash Key Lending Rates to Bolster Ailing Economy
China cut its benchmark lending rates after the central bank lowered key interest rates at the end of September as part of a series of measures aimed at reviving economic growth and halting a housing market crash.
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37m
Best CD Rates Today, Oct. 21, 2024: Last Call for APYs Up to 4.75%?
Today's best CDs offer APYs as high as 4.75%. APYs have fallen since the Fed's September rate cut, and they're likely to keep ...
2h
on MSN
ECB's Simkus says rates may need to go below 'natural' level
The European Central Bank is likely to cut its key interest rate down to its "natural" level between 2% and 3% but it may ...
6h
Metals Rise After Chinese Banks Cut Rates to Aid Property Market
Iron ore and base metals rose after Chinese banks cut their benchmark lending rates, part of a push by Beijing to ensure Asia ...
2d
Money Market Rates Are Lower, Yes. But Compared to What?
Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash, and investors are still ...
3d
Mortgage Rates Today, Oct. 18: Median Rate Rises to 6.63%
As of Oct. 18, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year ...
3d
on MSN
When will home equity loan interest rates fall again?
Home equity loan interest rates are on the decline. But when, precisely, will they fall again? Here's what to know.
5m
Chinese Stocks Close Higher After Lending Rates Cut
Chinese shares closed higher after the country's commercial banks cut benchmark lending rates to boost economy. Solar and semiconductor stocks led the gains, with JA Solar Technology up 10% and SMIC ...
23h
How to Make the Most Out of Current CD Interest Rates
CD rates have already fallen, but they're still pretty high. Here's how to make the most of them before they drop again.
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