Mortgage rates drop to lowest since February 2023 after Fed’s
WEB19 hours ago · Mortgage rates continued to decline this week, taking a little more pressure off America’s tight housing market as the Federal Reserve ramps up its efforts to keep the economy on an even keel.
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
WEB19 hours ago · 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 ...
What the Federal Reserve rate cut means for the housing market …
WEB1 day ago · Long-term fixed-rate mortgage rates are now at 6.2%, the lowest since February 2023. (It's worth noting, though, that other factors besides the Federal Reserve's benchmark interest rate influence ...
Here's how the Fed's big rate cut affects mortgages - CBS News
WEB1 day ago · September 18, 2024 / 3:11 PM EDT / CBS News. The Fed's surprising 50-basis-point rate cut could have a significant impact on where mortgage rates head next. Getty Images. The mortgage rate ...
Should You Refinance Your Mortgage After the Fed’s Interest Rate …
WEB17 hours ago · The average interest rate for 30-year fixed mortgages was 6.09 percent on Thursday, according to Freddie Mac, down from 6.2 percent last week and 7.19 percent a year ago. They had been as high as ...
Fed cuts interest rates by 50 basis points - USA TODAY
WEB1 day ago · The mother of all interest rates is actually a range, and it has sat at 5.25% to 5.5% since July 2023, following a campaign of rate hikes to combat surging inflation. In response, rates on ...
Here’s what you should know about buying a home ahead of a …
WEB4 days ago · Assuming the buyer put down a 20% deposit at closing and has a standard 30-year fixed mortgage rate, that buyer could save more than $2,600 per year on interest payments if they lock in a 6% ...
Fed Announces Big Rate Cut - The New York Times
WEB1 day ago · The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell. The Fed’s decision ...
What the Fed’s interest rate cut means for mortgages, car loans …
WEB2 days ago · September 18, 2024 at 6:00 a.m. EDT. The Federal Reserve is poised to cut interest rates this week for the first time in four years, putting an end to its longest cycle of rate hikes in roughly a ...
Mortgages Rates Are Way Down. How Fed Rate Cuts Could …
WEBThe Federal Reserve’s anticipated interest-rate cut is old news for mortgage rates, which have retreated from 2024 highs in anticipation. But that doesn’t mean home buyers should ignore the ...