If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
6 days ago · The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate ...
Why mortgage rates are still high after a Fed cut - NBC News
5 days ago · The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. A combination of better-than-expected growth ...
What the Fed rate cut means for mortgage interest rates - CBS News
6 days ago · For the second time in three months, the Federal Reserve issued a cut to its federal funds rate on Thursday. Now at a range between 4.50% to 4.75%, the rate is down 75 basis points from where it ...
Mortgage Rates Fell, Then Rose. What Comes Next?
3 days ago · The rate on a 30-year mortgage has risen to 6.79 percent nationally, from about 6.1 percent a month ago. Martina Tuaty for The New York Times. Rafael Corrales, a real estate agent in Miami ...
Here’s why mortgage rates are rising after the Fed’s rate cut
Oct 24, 2024 · The average rate on a standard, 30-year fixed mortgage was 6.54% in the week ending October 24, according to a survey of lenders by Freddie Mac released Thursday. That’s the highest level since...
Fed Cuts Rates Again - The New York Times
6 days ago · Fed officials lowered interest rates to a range of 4.5 to 4.75 percent on Thursday, but avoided talking about politics in their post-meeting statement. They included no overt signal about what ...
For home shoppers, the Fed’s big rate cut is likely just a small step ...
Sep 22, 2024 · The average rate on a 30-year mortgage is now 6.09%, according to mortgage buyer Freddie Mac. That’s down from 7.22% in May, its peak so far this year. Even a modest drop in mortgage rates can translate into significant savings over the long run.
Mortgage rates were supposed to come down. Instead, they're …
Oct 18, 2024 · The latest data from Freddie Mac showed that the average 30-year mortgage rate had increased to 6.4%, more than a quarter-point higher than it was two weeks ago.
What the Federal Reserve rate cut means for the housing market
Sep 18, 2024 · Long-term fixed-rate mortgage rates are now at 6.2%, the lowest since February 2023. (It's worth noting, though, that other factors besides the Federal Reserve's benchmark interest rate influence...
Here's how the Fed's big rate cut affects mortgages - CBS News
Sep 18, 2024 · While the impact of a standard 25 basis point reduction has likely been factored into current mortgage rates, which are sitting at an average of 6.15%, it's unclear exactly how mortgage rates...