Economy News Us Economy News Today Homebuyers Take Advantage Of A Dip In Rates

Bessent says US housing market in 'recession' due to Federal Reserve interest rate policies

Treasury Secretary Scott Bessent said the U.S. housing market is in a recession due to high interest rates, and repeated his call for Fed cuts to lower mortgage rates. Read More

What happens to mortgage rates now that the Fed cut rates? Here's what's happened previously.

Fast forward to September 2025, when the Fed cut rates again, this time by 25 basis points, lowering its benchmark range to 4.00% to 4.25%. Mortgage rates responded positively, with the average ... Read More

Mortgage rate today: Mortgage rates dip slightly, but homebuyers still waiting for big relief - when are rates coming down?

Mortgage rates have finally inched lower again this week, offering a small but welcome relief to borrowers across the United States. The latest figures show that the average 30-year fixed mortgage ... Read More

What homebuyers can expect now that mortgage rates are falling, according to experts

Before the September Federal Reserve rate cut was even official, mortgage rates began to fall in anticipation, and, as a result, recently hit a three-year low. Some slight upticks followed before ... Read More

Mortgage rates fall for second straight week as shutdown, economic uncertainty weigh

Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the ... Read More

Mortgage rates today: Why have mortgage rates dropped to the lowest level in a year — and what’s driving the 111% refinance boom?

Mortgage rates today hit the lowest level in over a year. Rates fell to 6.30% from 6.37%. That’s the weakest since September 2024. Refinance demand jumped 9% in a week. It’s now up 111% from last year ... Read More