Mortgage rates have increased for the past six weeks— here’s why
Consumers have been eagerly awaiting interest rate cuts for several years, hoping the cuts would translate to a reduction in mortgage rates. When the Fed finally slashed interest rates by 0.5% in September,
US Mortgage Rates Rose Again in Week After Trump’s Victory
US mortgage rates continued to rise, building on a recent run-up after Donald Trump won the presidential election.
Mortgage rates inch closer to 7% after Fed rate cut and Trump’s win
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 Donald Trump won the presidential election and the Federal Reserve cut its interest rate by 25 basis points.
Why mortgage interest rates may drop again this week
The mortgage interest rates of 2020 and 2021 may never reappear but, if they do, it will be a gradual process to get them back there (minus a catastrophic economic downturn). Homebuyers and homeowners looking to refinance, then, shouldn't wait for a perfect circumstance that's unlikely to materialize.
What Fed’s latest rate drop means for your mortgage, credit cards, retirement and more
When the Federal Reserve cuts its key interest rate, the decision begins to ripple outwards, affecting everyone from credit card holders to car buyers to corporations. Reset talks with a personal finance expert about what you need to know about the recent rate cut as well as tips for saving for retirement in today’s economy.
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Inflation's up again. Here's what it could mean for mortgage interest rates.
So, if you're planning to buy a home soon or are thinking about refinancing, you may be wondering how this new uptick in ...
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Why one economist says Elon Musk could hold the key to lower mortgage rates
Could Elon Musk hold the key to lower mortgage rates? Home sales are at multi-decade lows due to high home prices and 7% ...
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Mortgage Rate Predictions: The Aftermath of a Fed Rate Cut and the Election
The Federal Reserve delivered a 0.25% interest rate cut last week. But prospective homebuyers wishing for lower mortgage ...
Today’s 30-year mortgage interest rates stay at 6.88% while 15-year terms climb to 6.25%
Thinking about taking out a mortgage loan? Current mortgage rates remain at 6.88% for 30-year terms, while 15-year terms rise ...
Highest Mortgage Rates Since July Didn't Hold Back Home Buyers
Mortgage rates reached their highest level since July, but it didn’t deter homebuyers as purchase applications increased.
Mortgage companies that borrowers are most satisfied with, according to J.D. Power
J.D. Power released its 2024 mortgage lender customer satisfaction survey — and the results are surprising. Here are the ...
Understanding The Future Direction Of Mortgage Rates
To better understand the future direction of mortgage rates, we need to understand what factors influence them.
Trump’s economic agenda for his second term is clouding the outlook for mortgage rates
Homebuilding sector analysts at Raymond James and Associates see mortgage rates remaining “higher for longer,” given the ...