If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
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 cuts.
Mortgage rates continue to inch up, applications fall
Mortgage rates continued to inch up, dragging mortgage applications down, according to the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.79% as of November 7, up from 6.
Mortgage rates go up again this week – what’s the forecast for November?
Citing Freddie Mac, the Mortgage Reports noted that the average 30-year fixed rate mortgage (FRM) increased from 6.44% on Oct. 17 to 6.54% on Oct. 24. While the last month of growth hurts potential borrowers, the 30-year FRM averaged 7.79% at the same time a year ago.
Why mortgage rates could be heading to 8%, despite a Fed cut
The 30-year rate inched up for the sixth week in a row ahead of an expected interest-rate cut by the Federal Reserve.
Fed cuts rates, says election has no bearing on policy
After rate cut, Fed chair says he has no plans to change policy following election :: November 7, 2024 :: Washington, D.C. :: Jerome Powell, Federal Reserve Chair "In the near term, the election will have no effects on our policy decisions.
Today's Mortgage Rates, November 9, 2024 | Will Rates Still Fall in 2025?
These are today's mortgage and refinance rates. Mortgage rates are forecast to go down in 2025, but if inflation reignites, that outlook could change.
What November’s Fed Rate Cut Means for Mortgage Rates and Potential Homebuyers
The Fed cut rates for the second time this year. Learn how this impacts mortgage rates and what to expect in the coming months.
The Fed just cut interest rates again, this time by a quarter of a percentage point
The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.
Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
The Federal Reserve cut its key interest rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s
The Fed Will Cut Rates in December, Says This Economist. Then It’s Wait and See.
A December interest-rate cut would be insurance against a further cooling in employment. Plus, investment newsletter commentary on Trump’s second term, stock market exuberance, and Nvidia joining the Dow.
ConsumerAffairs2d
Mortgage rates continue to rise
Average mortgage rates have increased for a sixth straight week. Freddie Mac reports its Primary Mortgage Market Survey shows ...
National Mortgage News2d
Mortgage rates climb and more rises may be on the way
The post-election spike in the 10-year Treasury yield could translate to higher rates for the 30-year fixed rate mortgage in ...
Mortgage rates climb again, hurting demand further
Mortgage rates marched higher for the sixth straight week while purchase demand continues to decline in the stagnant housing market. Freddie Mac's latest Primary Mortgage Market Survey, ...
Investopedia3d
Mortgage Rates Rise Again, Notching New 4-Month High
Although daily historical jumbo rates weren't published before 2009, it's estimated that the 8.14% peak we saw last fall ...
U.S. mortgage rates climb for fifth straight week
Freddie Mac reports the 30-year fixed mortgage rate averaged 6.72% for the week ending Oct. 31 — up from 6.54% last week.
The Associated Press on MSN2d
US mortgage rates climb to highest level since July
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since ...
Mortgage rates rise again amid election volatility
Still, many housing market experts now expect mortgage rates to stay higher for longer. Lisa Sturtevant, chief economist of ...
Mortgage Rates Set To Rise as Donald Trump Clinches Election Win
Although Trump has vowed to somehow lower mortgage rates if elected, the prospect of his election victory had been driving ...
UrbanTurf2d
Mortgage Rates Inch Closer To 7%
Long-term mortgage rates continued to get closer to 7% on Thursday. Today, Freddie Mac reported 6.79% as the average on a ...