However, fixed mortgage rates are NOT directly impacted by the Fed Funds Rate. While over time, both rates trend in the same direction there is no direct connection. Take a look at the chart below. Between 1999 and 2019 the 2 rates do not track together. If the 2 rates were connected ...
The author reflects on the 75-plus basis point decline in conforming fixed mortgage rates since mid-November 2008 in the U.S. He claims that the decline is due to factors brought by the current economic and lending environment in the country. He comments that the decline, coupled with the ...
You have probably heard that the Federal Reserve, also known as the Fed, has cut interest rates to ZERO on the Fed Funds Rate. There is a big difference
The Federal Reserve began cutting the federal funds rate in September 2024 after a series of hikes in 2022 and 2023, but interest rates on mortgages have actually risen in the time since then. What gives? Unfortunately, the Fed can't wave a magic wand to lower mortgage rates. ...
Another Fed rate cut is now official. Here's what that could mean for mortgage interest rates.
It's a tale as old as time for those who closely follow the day to day gyrations in the mortgage market. Bond volatility forces lenders to raise rates fairly quickly. Lenders then wait for market gains AND stability before adjusting rates back toward previous levels. Even then, rates remain...
The Federal Reserve's rate-cut cycle is expected to ease pressure on mortgage rates, driving demand for new homes, even as shares of major U.S. homebuilders rose in early trading on September 19
Here’s what to know about what the Fed’s rate cut means for mortgage rates and the housing market. 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 beca...
Rocket Mortgage Refinance Already have a mortgage through Rocket Mortgage or looking to start one? Check out theRocket Visa Signature Cardto learn how you can earn rewards Savings While borrowers largely benefit from the Fed cutting rates, savers will take a hit.High-yield savings accountshave bee...
If mortgage rates continue slide, Fed may stop interest rate hikes