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It's a mixed bag of mortgage rate fluctuations today across different loan terms. There are slight drops for 30-year fixed rates and 30-year fixed refinancing with both landing at 7.25%.
We are tracking rates daily to see the impact on hopeful homebuyers, so as of today, February 1, 2024, the rates are: 30-year fixed rates are 6.96% 15-year fixed rates are 6.40%
In California, prices increased at an average of 4% last year but are on pace for a 3.1% increase this year, according to this month’s UCLA Anderson economic forecast. The state rate is expected ...
The Fed has raised its target interest rate 11 times since March 2022, in an effort to bring down the rate of inflation to 2%. The current rate of 5.25% to 5.5% is its highest in 22 years.
It looks like some mortgage interest rates are falling today, but not 30-year fixed rates. That ticked up to 7.29%, adding to the 19 basis points it jumped in the last week.
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After increasing the target interest rate 11 times from March 2022 to July 2023 in an effort to combat the highest inflation in four decades coming out of the pandemic, the Federal Reserve ...
The Federal Reserve announced a cut to benchmark interest rates yesterday, dropping the Fed rate by 50 basis points to a range of 4.75% to 5.00% — the first time its lowered rates since March 2020.