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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 ...
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 ...
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.
Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...
Mortgage rates have risen due to new economic data and pre-election fears, and are in for another volatile few weeks. Mortgage rates below 6%? Not anytime soon.
Mortgage rates reached their lowest level in a month the week of December 5, according to Freddie Mac. That’s good news for homebuyers , although perhaps not as good as they might think.
“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 ...
Not only have home prices been elevated, but mortgage rates have been relatively high -- especially compared to the record-low rates borrowers enjoyed in 2020 and 2021.