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Average mortgage rates are trending higher as of Thursday, December 19, 2024, a day after the Federal Reserve announced it was lowering its benchmark interest rate by 25 basis points to a range of ...
Average mortgage rates open the New Year holiday week higher as of Monday, December 30, 2024, pushing the 30-year benchmark past 7.00% and to its highest levels since July.
Average mortgage rates inch higher across popular terms as of Tuesday, December 24, 2024, pushing the 30-year fixed rate to 7.00% nearly a week after the Federal Reserve announced a third ...
Average mortgage rates open the week with modest declines on popular terms as of Monday, December 16, 2024, a day before the Federal Reserve is set to begin its final rate-setting panel session of ...
Average mortgage rates tick lower across popular terms as of Tuesday, December 17, 2024, with the Federal Reserve set to begin its final rate-setting session of the year.Traders expect the Fed ...
SOFR uses data from overnight Treasury repo activity to calculate a rate published at approximately 8:00 a.m. New York time on the next business day by the US Federal Reserve Bank of New York. [12] Unlike Libor, SOFR uses banks' actual borrowing costs rather than unverifiable estimates submitted by a panel of banks. [8]
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