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The average interest rate for a 30-year fixed mortgage stands at 6.47%, Freddie Mac said on Thursday. The Fed has held interest rates steady at their highest level in two decades, however.
Yet, the Fed is projecting to cut interest rates only twice this year, according to its latest estimates. If it comes to fruition, borrowing costs will still be higher than they were in the years ...
There has been a bit of a confusion when it comes to buying a home in America right now: it appears that interest rates are cooling off, yet mortgage rates have gone up. If you had to do a double ...
There are drops for 30-year mortgage terms again today. Both purchase and refinance rates with a 30-year fixed term dropped to 7.21%. That is 15 basis points lower than this time last week for a ...
If the Fed pauses in its downward path on interest rates, the regulatory pause will have lot to do with inflation. Consumer prices have continued to rise in recent months, albeit at a slower pace ...
The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...
Average mortgage rates are trending down as of Thursday, September 19, 2024, a day after the Federal Reserve announced it was lowering its benchmark interest rate by 50 basis points to a range of ...
The Federal Reserve begins its two-day rate-setting session today, and economists are expecting the Fed will lower its benchmark interest rate by another quarter-point cut to a range of 4.25% to 4 ...