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Mortgage rates have risen due to new economic data and pre-election fears, and are in for another volatile few weeks. Mortgage rates below 6%? Not anytime soon.
Hale explained that over the past 14 election cycles — going back to 1972 — we’ve seen everything from much higher rates post-election — as in 1980 — to much lower mortgage rates post ...
Mortgage rates aren't always reactive to rate cuts Mortgage rates certainly fell after the Fed announced its 50-basis-point rate cut in September, but it wasn't necessarily because there was a ...
Why mortgage rates are likely to drop The Federal Reserve raised its benchmark interest rate (the federal funds rate) several times in 2022 and 2023 in an effort to cool inflation.
Average mortgage rates inch higher as of Tuesday, November 5, 2024 — Election Day and a day before the Federal Reserve comes together for a penultimate policy meeting this year.Rates have been ...
After more than two years of steady declines, rates for 30-year fixed-rate mortgage loans reached a record low of 2.7% at the end of 2020, according to data from Freddie Mac. By the week ending ...
“Looking at the end of this year and into 2025, I foresee mortgage rates staying in the 6% range, likely bouncing between 6% and 7%,” shared Dan Richards, president of Flyhomes Mortgage. “A ...
If you signed your mortgage in 2020 or 2021, then you probably locked in a pretty great rate on that loan. But if you signed your mortgage in late 2022 or 2023, it was probably a very different story.