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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 ...
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 ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
“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 ...
In an effort to bring down inflation to 2%, the Federal Reserve has raised its short-term benchmark interest rate 11 times since March 2022, putting upward pressure on mortgage rates. The current ...
Given that the average 30-year mortgage rate was well above 7% around this time last year, 6.12% is an improvement. But it's also a far cry from the sub-3% mortgage rates borrowers enjoyed back in ...
In anticipation of the Fed’s first and only interest rate cut so far, mortgage rates plummeted. That is no longer the case. They’re back up: the latest daily reading for the average 30-year ...
Just two days after the U.S. presidential election, the Federal Reserve will announce this afternoon whether it has decided to implement a second rate cut this year. This comes after the Fed ...