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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 ...
That's because mortgage rates are based on several factors beyond the Fed's benchmark rate, including the strength of the U.S. economy and changes in the yield for the U.S. 10-year Treasury bond.
Freddie Mac reports an average 6.95% for a 30-year fixed-rate mortgage, down 1 basis point from last week's average 6.96%, according to its weekly Prime Mortgage Market Survey of nationwide ...
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 ...
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 ...
Freddie Mac weekly mortgage report: Rates stall post-election and Fed rate cut. Freddie Mac reports an average 6.78% for a 30-year fixed-rate mortgage, down 1 basis point from last week's average ...
This is all due to the fact that the federal interest rate is not tied to mortgage rates, with different factors influencing if they go up or down. Mortgage lenders are looking to make some money ...
Average mortgage rates continue to push higher week over week as of Thursday, October 31, 2024, edging the fixed rate on a 30-year term closer to 6.90% — the highest level since early June.