Search results
Results from the WOW.Com Content Network
In anticipation of the Fed’s first and only interest rate cut so far, mortgage rates plummeted. That is no longer the case. They’re back up: the latest daily reading for the average 30-year ...
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 ...
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.
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 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.
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 ...
Thomas’s research found only two election cycles — 2000 and 2008 — that saw greater-than-expected drops in home sales, which can likely be explained by recessions.
Get insights into the 2024 mortgage rate forecast. Learn when mortgage rates might go down and plan your financing strategy accordingly.