Economy News Mortgage Lock Ins Cost Us Economy $20 Billion In One Year

Average US long-term mortgage rate ticks up to 6.22% after four straight weekly declines

The average rate on a 30-year U.S. mortgage ticked up for the first time in five weeks after falling to its lowest level in more than a year last week ... 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

Should you lock in a mortgage rate before the October Fed meeting? Here are the pros and cons.

There's been some surprisingly good news in the mortgage rate climate this year. But "could" doesn't mean definitely. And, if there's one thing homebuyers and homeowners looking to refinance can agree ... Read More

Government Shutdown Has Already Cost US Economy $18 Billion This Year, CBO Says

The federal government shutdown has already cost the US economy at least $18 billion this year, a figure that “will intensify” in the weeks to come, according to the Congressional Budget Office. Read More

Mortgage rates fall to lowest level of 2025

Americans frustrated by high home borrowing rates may have gotten some welcome news this week. The average 30-year fixed mortgage rate dropped to 6.19% for the week ending October 23, down from 6.27% ... Read More

Shutdown could cost US economy $15 billion a week, Treasury says

Bessent earlier estimated cost of shutdown at up to $15 billion a day Bessent says shutdown is cutting 'into muscle' of US economy US Treasury chief says deficit was lower in fiscal 2025 Bessent says ... Read More

Federal shutdown could cost US economy up to $14 billion

The federal government shutdown could cost the U.S. economy between $7 billion and $14 billion, shaving up to 2% from gross domestic product in the fourth quarter due to the lapse in government ... Read More