Mortgage rates inch closer to 7% after Fed rate cut and Trump win
17 hours ago · Photo: Getty Images. The numbers: Applications for mortgages inched up over the past week, despite the 30-year creeping closer to 7%. The 30-year rate rose for the seventh week in a row, after ...
Why mortgage rates are still high after a Fed cut - NBC News
4 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 · November 7, 2024 / 2:06 PM EST / CBS News. Interest rates on home loans could fall again now that the Fed has issued another rate cut. Getty Images. For the second time in three months, the ...
Mortgage Rates Fell, Then Rose. What Comes Next?
2 days ago · Mortgage rates fell steadily from this spring through September, as economic data slowed and as investors began to expect a steady string of interest rate cuts from the Federal Reserve. But the ...
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 ...
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...
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 rose from below 3% in September 2021 to a 23-year high of 7.8% last October. That coincided with the Fed jacking up its benchmark interest rate to fight inflation. Rates have been mostly …
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...
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
Sep 19, 2024 · The average rate on 30-year mortgages, the most popular home loan in the United States, fell to 6.09 percent this week, Freddie Mac reported on Thursday. That was down from 6.2 percent a week...
The Federal Reserve made a rate cut decision today. Here's ... - CBS News
6 days ago · Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...