Some are looking for the first cut in March, only 3 months away. Fortunately, banks are already cutting their rates in anticipation. However, there is still concern about 1 more rate cut. The economy however is sagging and the steam really is leaking out of the inflation bubble. Mortgage ...
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Mortgage Rates Hit Lowest since Late 2001Read the full-text online article and more details about "Mortgage Rates Hit Lowest since Late 2001" - THE JOURNAL RECORD, May 31, 2002U.S. NewspapersTHE JOURNAL RECORD
Regardless, a rate cut is likely to help revive the housing industry by helping to drive mortgage rates even lower, Moody's Analytics economist Mark Zandi wrote in a Monday research report. "Rates appear set to fall below 6% in coming months as the Fed cuts interest rates," Zandi said. E...
Mortgage rates dropped to their lowest level in over a year on "likely overreaction" to the recent employment report, according to the Freddie Mac Primary Mortgage Survey.
“The decline in mortgage rates does increase prospective homebuyers’ purchasing power and should begin to pique their interest in making a move,” the company notes. (You can see some of the best mortgage rates you may qualify...
U.S. mortgage rates have risen slightly in the aftermath of the presidential election, as potential homeowners face higher monthly payments amid a stagnant economy with slow wage growth.
Mortgage rates tumbled on Friday to their lowest since April 2023 after a weak jobs report sent bond yields sharply lower and boosted Wall Street's expectations for an interest rate cut from the Federal Reserve at its September meeting.
Mortgage rates in the U.S. tumbled to the lowest level in more than a year, giving would-be homebuyers a break. The average for a 30-year, fixed loan was 6.47%, the lowest since May 2023 and down from 6.73% last week,Freddie Mac said in a statement Thursday. ...
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