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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 National Association of Realtors does expect mortgage rates to steady in the 6% range by year's end, but it will take a lot of ups and downs to arrive there ultimately.
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.
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%
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 ...
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 ...
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...