The surprising reason mortgage rates are up despite interest rate cuts
Related: Dave Ramsey explains how your mortgage is key to early retirement. If Kamala Harris wins, mortgage rates are expected to stabilize or even fall due to her proposed home-b
Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts
The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That rate is a quarter-point higher than it was two weeks ago.
Fed cuts interest rates again — why you should refinance debt now
The coronavirus has wreaked havoc on the economy, and in an emergency response, the Federal Reserve slashed interest rates by a full percentage point—the second rate cut in two weeks and the largest in Fed history.
Mortgage Rates Today, Oct. 18: Median Rate Rises to 6.63%
As of Oct. 18, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.63%, which is 0.13 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is also 0.13 percentage points higher than yesterday.
Mortgage rates continue to climb despite cuts by the Fed: Here’s why
Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.
Mortgage rates were supposed to come down. Instead, they're rising. Here's why
Mortgage rates are ticking up, even after the Federal Reserve has started cutting interest rates. Here's why, and where rates — and home sales — could go from here.
Interest Rate Uncertainty Is At a Financial-Crisis Era High. Here’s How We Know.
The Kansas City Fed’s measure of policy rate uncertainty is as high today as it was during the global financial crisis.
JFR: Interest Rate Cuts Will Pressure Yield, There Are Better Plays (Downgrade)
The Nuveen Floating Rate Income Fund offers an attractive 11.50% yield, but is unlikely to maintain this due to expected ...
Interest rate cut at this stage would be 'premature,' India cenbank chief says
The head of India's central bank said on Friday that it would be "very premature" and risky to lower interest rates at this ...
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What these homebuyers and owners told us an interest rate cut means to them
Last month, the Federal Reserve cut its benchmark interest rate by half a percentage point and signaled that more cuts ...
How to use a mortgage rate lock to secure a low interest rate
A mortgage rate lock guarantees you’ll receive the interest rate on the date you locked in the rate, even if rates change ...
Markets Project Smaller 2024 Interest Rate Cuts On Better Jobs News
With recent, stronger jobs data markets expect the remaining cuts of 2024 to be 0.25% moves as chance of 0.5% cut fades.
Pros and cons of bond funds in a lower interest rate environment
In light of recent interest rate cuts, many investors have ramped up their investments in bonds, specifically in bond funds.
What is a mortgage interest rate modification and how do you get it?
A mortgage rate modification could make sense if your mortgage payments or current rate are higher than you'd like.
APR vs. interest rate: What’s the difference?
The most significant difference between an APR and the interest rate is that the APR offers a complete picture of how much a ...