Weekly mortgage demand surges 14% as interest rates hit two-year low
The Federal Reserve is expected to make its first interest rate cut in four years on Wednesday, and while mortgage rates don’t follow the Fed exactly, they are influenced by policy. It is likely they will move on Fed Chairman Jerome Powell’s remarks following the decision.
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 18, which is unchanged from yesterday.
The homebuyers are using the savings from their low-interest-rate mortgages to pay down debt and cover medical and retirement ...
The current median interest rate is 5.990% for a 30-year fixed-rate mortgage and 4.990% for a 15-year fixed-rate mortgage.
It can make a lot of sense to lock in a mortgage rate now that rates are sitting at a two-year low. /iStockphoto . For the ...
The Fed’s interest-rate cuts will soften the prices consumers pay for debt — but people may not see an impact on their ...
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