The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
These are today's mortgage and refinance rates. Mortgage rates have remained elevated in spite of recent Fed cuts. But they ...
The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 8, which is 0.11 percentage points lower ...
Although Trump has vowed to somehow lower mortgage rates if elected, the prospect of his election victory had been driving ...
Shopping at different banks and mortgage brokers won't yield much difference in rates. So Michael tried another method.
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It ...
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the ...
Long Island homeowners who have paid off their mortgage might be reluctant to sell because of increased housing payments, ...
Jordan Tarver has spent seven years covering mortgage, personal loan and business loan content for leading financial ...
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