Economy News Mortgage Rates Inch Up To Highest Level Since Early May, Even As U S Economy Slows
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Mortgage rates are up sharply over the last few days, even though the Federal Reserve is expected to cut interest rates later today. That’s a departure from how rates have traditionally moved ahead ... Read More
The Fed just cut rates to their lowest point since 2022. Here's what that could mean for mortgage rates.
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The average 30-year mortgage rate fell to 6.19% from 6.27% last week. Rates are now at their lowest point since October 2024. A year ago, the average long-term rate was 6.54%. Mortgage rates are ... Read More
Why Mortgage Rates Might Not Keep Going Down
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What happens to mortgage rates now that the Fed cut rates? Here's what's happened previously.
After weeks of anticipation, the Federal Reserve trimmed its benchmark interest rate today, dropping the benchmark rate by another 25 basis points, marking its second rate cut of 2025. The move, which ... Read More
Mortgage Rates Inch Toward 6% as Fed Weighs October Cut
Mortgage rates fell for the fourth consecutive week, finally nearing 6% for the first time since September 2024. Lenders and analysts have been anticipating that the Federal Reserve will announce ... Read More
Weekly Mortgage Rates Inch Up, Jobs Data Trickles In
The average rate on a 30-year fixed-rate mortgage rose nine basis points to 6.23% APR in the week ending Nov. 20, according to rates provided to NerdWallet by Zillow. A basis point is one ... Read More
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