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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 ...
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.
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.
“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 ...
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 ...
Average mortgage rates edge higher for 30-year and 15-year terms as of Wednesday, December 18, 2024, as the Federal Reserve is set to conclude its final policy session of the year.
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 ...