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.
Long-term mortgage costs have risen since the Federal Reserve started cutting interest rates in September as the yield curve ...
Mortgage refi rates have fallen for a second day, lowering the 30-year average to its cheapest level since mid-October. Most ...
The mortgage interest rates of 2020 and 2021 may never reappear but, if they do, it will be a gradual process to get them ...
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It ...
“Either way, it does seem likely, at least in the short term, that mortgage rates are going to go higher.” The Fed's quarter-point cut was widely expected by economists. Mortgage rates ...
Interest rates are going down — but aspiring homeowners waiting for lower mortgage rates aren’t feeling relief.
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