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 …
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 …
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 …
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 …
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 …
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. …
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 …
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 …
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 …
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%, …