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.
Homebuyers are stuck as mortgage rates defy Fed’s rate cut
The impact? It’s been pretty much as expected: a boost for stock market investors and so-so news for savers. But for prospective homebuyers, it’s brought more frustration: Mortgage rates have actually risen in recent weeks. Statewide, the median home price jumped 6.2 percent, to $600,000, as sales fell 3.7 percent.
Fed Rate Cuts - Boom Or Bust?
In September 2024, Jerome Powell announced the first Federal Funds Rate cut in over four years. The Federal Funds Rate is a short-term rate related to the cost of debt in the American economy. Some expected the Federal Reserve to cut only 25 basis points,
Fed’s emergency rate cuts affect your credit card — here’s how
The Fed cut interest rates again Sunday in an attempt to reduce “evolving risks to economic activity” caused by the coronavirus outbreak.
Here's How the Fed's Rate Cut Has Impacted CD Ladders
CD rates aren't directly tied to the Fed's actions, but they tend to move in the same direction. Learn what it means for you.
Will home prices rise with more Fed rate cuts? Here's what experts think.
With the Fed cutting rates again, home prices are unlikely to remain the same. Here's what some experts are predicting.
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Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
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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 ...
Opinion: PURA’s shortsighted rate cuts threaten Connecticut’s energy future
PURA’s decision sends a chilling message to potential investors: Connecticut is not a safe or wise place for energy ...