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2. The Fed cut rates on Wednesday: What you need to know - AOL

   www.aol.com/finance/fed-cut-rates-wednesday-know...

   The full effects of a rate cut take years to ripple across the economy. The 30-year mortgage rate has been falling, however, and Powell’s commentary could cause them to drop further sooner ...

3. The Fed announces big interest rate cut, the first reduction ...

   www.aol.com/news/fed-announces-big-interest-rate...

   In recent weeks, market expectations of rate cuts had already pushed down home loan rates. The 30-year fixed rate mortgage averaged 6.2% last week, down from 6.73% in early August and 7.18% a year ...

4. Here's why mortgage rates dropped to their lowest level in ...

   www.aol.com/heres-why-mortgage-rates-dropped...

   August 9, 2024 at 12:08 PM. Mortgage rates this week dropped to their lowest level in more than a year, delivering some long-sought relief for homebuyers. The average interest rate for a 30-year ...

5. Here’s why mortgage rates won’t fall after the Fed cut - AOL

   www.aol.com/finance/why-mortgage-rates-won-t...

   In October 2023, mortgage rates briefly topped 8 percent. They’re down 1.7 percentage points since then. Again, with no change in Fed policy. ... Mortgage rates tend to move up and down with ...

6. What homebuyers should know before the upcoming Fed meeting - AOL

   www.aol.com/finance/homebuyers-know-upcoming-fed...

   While mortgage rates were at 8 percent not too long ago, the average rate on a 30-year loan was down to 6.47 percent in Bankrate’s latest national survey of large lenders. They might fall just a ...

7. US 30-year mortgage rate drops on weak jobs data, Fed rate ...

   www.aol.com/news/us-30-mortgage-rate-drops...

   The average contract rate on a 30-year fixed-rate mortgage dropped 27 basis points in the week ended Aug. 2, to 6.55%, the Mortgage Bankers Association said on Wednesday. That was the lowest rate ...