While home affordability isn’t set to budge much this year, home listings are slowly increasing. Many potential sellers delayed listing their home in 2023 due to high mortgage interest rates, and now that rates are declining, they’re more likely to list. Fannie Mae’s forecast for the last...
While mortgage rates are most closely linked to 10-year Treasury bonds, they tend to move in tandem with the Federal Reserve’s benchmark interest rate. Consequently, a rate cut is likely to lower mortgage rates later this year. How interest rate cuts could lower monthly mortgage costs Most...
Mortgage Interest Rates Expected to Reach 11 Pct.Ann Mariano
Federal Reserve interest rate news expected days after Trump wins 2024 electionThe Federal Reserve will announce Thursday whether it will cut interest rates again after a jumbo cut in September. CBS News business analyst Jill Schlesinger breaks down what economists expect....
"If it isn't, people shouldn't be too concerned - as it is highly likely it would follow in September, and I'd expect mortgage rates to hold steady and perhaps even trickle down a bit - albeit not quite as fast as if there is a cut."...
Despite the Bank of England bringing down the interest rate in November to below 5% the typical mortgage rate on offer for a two-year deal has been around 5.5% since December while the five-year hovered at about 5.3%, according to financial inf...
Yes, raising rates slowed job creation, but my main concern is really with housing. Mortgage rates, which had dropped below 3% during the pandemic, jumped to almost 8%, and at one point may have exceeded 8% last year. Though they’ve come down to around 6%, they’re still elevated ...
Mortgage rates are likely to drift lower once the Fed starts cutting rates, Sturtevant noted. "But prospective homebuyers may not feel that much relief as they continue to see higher prices at the grocery store and the gas pump," she added. "And home prices, which are not measured in the...
though projects may be deferred to when interest rates and costs settle. The lock-in effect with mortgage rates is still driving remodeling activity for homeowners who are looking to upgrade rather than move and give up their low interest rates. However, the projects bein...
The Bank of England is widely expected to cut interest rates for the third time in six months later Thursday even though inflation remains above its target