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While rates have come down, as of March 21, the average 30-year mortgage rate was at 6.87% — much higher than a couple of years ago. ... as in 1980 — to much lower mortgage rates post-election ...
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 ...
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 reports an average 6.85% for a 30-year fixed-rate mortgage, down 2 basis points from last week's average 6.87%, according to its weekly Prime Mortgage Market Survey of nationwide ...
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 ...
Get insights into the 2024 mortgage rate forecast. Learn when mortgage rates might go down and plan your financing strategy accordingly.
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.