Another Fed rate cut is now official. Here's what that could mean for mortgage interest rates.
Holden Lewis
Completely exploring and explaining how fixed rate mortgages go up or down is complex. While one factor – mortgage bond pricing – dictates the direction of mortgage ratesa multitude of things influence mortgage bond movement. In other words, in totality several complex factors directly and indirect...
The Federal Reserve is set to issue another rate cut this week. Here's what could then happen to mortgage rates.
What does the Fed’s rate cut mean for mortgage rates? The interest rate cut likely will not have a significant impact on mortgage rates over the short term, experts said. That’s because mortgage rates had already moved due to anexpectationof this rate decision. ...
Mortgage rates todayaren’t that much different from what they were the last time the federal funds rate was 4.50%-4.75%. However, monthly mortgage payments have increased since February 2023 in large part due to rising home values. Two months ago, the average 30-year mortgag...
I know that you’ll be getting mailers and seeing advertisements from mortgage lenders telling you that you must hurry to refinance because “The Fed is raising interest rates!” I also can’t tell you that today’s Fed rate hike will make interest rates go down, because the many factors...
If you bought a house in the past few years and are saddled with a high mortgage rate, this rate-cutting cycle could be theright time to refinance, according to Bogardus. "If you plan on staying in your home for a while, you might think about refinancing once mortgage rates drop another...
The 30-year mortgage rate is averaging 6.87%, Freddie Mac said in its latest weekly survey on Thursday.
“result in a reversal of progress” in reducing inflation — or cutting them “too late or too little,” which could weaken the economy and hiring. The effort to balance those two risks marks a shift from early last year, when the Fed was still rapidly r...