Why mortgage rates are still high after a Fed cut - NBC News
5 days ago · The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. A combination of better-than-expected growth ...
What the Fed rate cut means for mortgage interest rates - CBS News
6 days ago · November 7, 2024 / 2:06 PM EST / CBS News. Interest rates on home loans could fall again now that the Fed has issued another rate cut. Getty Images. For the second time in three months, the ...
Mortgage Rates Fell, Then Rose. What Comes Next?
3 days ago · Mortgage rates fell steadily from this spring through September, as economic data slowed and as investors began to expect a steady string of interest rate cuts from the Federal Reserve. But the ...
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
Nov 7, 2024 · The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate ...
Here’s why mortgage rates are rising after the Fed’s rate cut
Oct 24, 2024 · Expectations of a Fed rate cut caused mortgage rates to drop to a two-year low of 6.08% in late September, but it failed to spur homebuying activity. Sales of previously owned homes, which make up ...
Mortgage rates were supposed to come down. Instead, they're …
Oct 18, 2024 · 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.
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
Sep 19, 2024 · The average rate on 30-year mortgages, the most popular home loan in the United States, fell to 6.09 percent this week, Freddie Mac reported on Thursday. That was down from 6.2 percent a week...
Why are mortgage rates rising since the Fed cut its rates
Oct 16, 2024 · Meanwhile, Wednesday morning, the Mortgage Bankers Association reported that the average interest rate on a 30-year, fixed-rate mortgage actually increased for the third week in a row.
What the Federal Reserve rate cut means for the housing market …
Sep 18, 2024 · Rates bottomed out below 3% for a 30-year fixed-rate mortgage during 2020 and 2021 when the pandemic led to lockdowns, but they then climbed to nearly 8% last year amid a robust economy and...
For home shoppers, the Fed’s big rate cut is likely just a small step ...
Sep 22, 2024 · Rates have been mostly declining since July in anticipation of a Fed rate cut. The average rate on a 30-year mortgage is now 6.09%, according to mortgage buyer Freddie Mac. That’s down from 7.22% in May, its peak so far this year. Even a modest drop in mortgage rates can translate into significant savings over the long run.