The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.
The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 8, which is 0.11 percentage points lower ...
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the ...
Many experts expect the Federal Reserve to cut the federal funds rate at its early November meeting. The CME FedWatch Tool ...
The median interest rate on a 30-year fixed-rate mortgage is 6.99% as of November 7, which is 0.11 percentage points higher ...
Interest rates are going down — but aspiring homeowners waiting for lower mortgage rates aren’t feeling relief.
Many mortgage lenders publish a table of their current rates on their website. But it's important to note that these are typically the bank's best interest rates at that moment in time -- they ...
Key Takeaways Treasury yields surged on Wednesday as market participants strapped in for a Trump presidency that's expected ...
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