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She points to recent research by her firm that found that some 45% of recent homebuyers landed mortgage rates below 5%, usually via special financing offers like rate buydowns. “I’m a little ...
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 ...
“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 ...
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.
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.
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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 ...