"The Fed’s decision was pretty aligned with market pricing," Zhao notes, so a major drop in mortgage rates is highly unlikely ...
The Federal Reserve cut rates on Wednesday and mortgage rates went up! What happened? The answer lies in the bond market.
In the short term, the reduction will lead to slightly lower interest rates on mortgages, auto loans, and credit card debt.
The Mortgage Bankers Association currently predicts the average 30-year rate to finish out 2024 at 6.5% and 2025 at 5.9%, ...
We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell ...
If the Fed cuts interest rates today, borrowers will likely see interest rates ease off their peaks on things like credit ...
These are today's mortgage and refinance rates. Mortgage rates are down as the Fed gears up to start lowering its benchmark ...
These are today's mortgage and refinance rates. Mortgage rates are down ahead of this week's Fed meeting, and they should ...
Equity markets were up smartly for the week ended September 13 with three of the four major averages up between 4% and 6% (see table).
The current median interest rate is 5.990% for a 30-year fixed-rate mortgage and 5.250% for a 15-year fixed-rate mortgage.
Shop aggressively, because rates can vary significantly among lenders. In short, your mortgage rate won’t necessarily go down ...
Learn more: What the federal funds rate is and how it works. This could be a big win for buyers who missed out on the COVID-era buying spree, since falling fed rates typically herald cheaper mortgages ...