For the month, goods prices continued on their firming trend, with the 0.5% increase the largest in about a year; service costs moved in the other direction, rising just 0.2%, half the December rate. All that said, core PCE is the metric the Fed closely track; this measure removes the...
Whether you're looking to buy or refinance, our daily rates pieces will help you stay up to date on the market's average rates.
View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing your home.
Why mortgage rates rose after falling Mortgage rates dropped after the Fed's interest rate cut announcement in September. Although rates appear to have slightly risen since dropping to a record two-year low, experts still believe they will trend down if the U.S. economy remains stable. Bankra...
Highest Mortgage Rates Since June Wed, Jan 8 2025, 2:54 PM For the second day in a row, mortgage rates have moved higher at a modest to moderate pace. Unfortunately, that's been a trend so far in 2025 and it's... Mortgage Rates Rise to Match 6 Month Highs Tue, Jan 7 202...
While most borrowers today have mortgages with already-low rates, there are still some instances when refinancing might make sense — especially with rates expected to trend down in the next year or two. If you’re considering refinancing, think about your goals. Do you want to save money?
Mortgage Rates Drop to Close Week | Today, Jan. 31, 2025 Today’s mortgage rates In good news for borrowers, mortgage rates decreased for the third straight day. Today’s mix of economic data should hopefully continue the recent trend and put downward […] January 30, ...
In December 2022, the Federal Reserve made the decision to dial down the pace of interest rate hikes, cutting the fed funds rate by only 50 basis points (0.50%). This trend of dialing back has persisted into 2023, evidenced by four adjustments of 25 basis points (0.25%) in January, Ma...
Reserve’s interest rate policy, employment rate, the Consumer Price Index, and the yields of 10-year treasury bonds. Mortgage rates are not directly tied to any of these factors but are indirectly influenced by their current levels and consensus predictions on how they will trend in the near...
Reserve’s interest rate policy, employment rate, the Consumer Price Index, and the yields of 10-year treasury bonds. Mortgage rates are not directly tied to any of these factors but are indirectly influenced by their current levels and consensus predictions on how they will trend in the near...