Why Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates
On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years. Prospective homebuyers are eager for a silver lining in the housing market. But experts don't anticipate dramatically lower rates before the end of the year.
Lock in a mortgage rate after the Fed cuts? This might be your last chance
The “Trump trade” is likely to keep rates for home loans rising, despite the Federal Reserve's Thursday rate cut, experts say. That means that anyone looking to buy a home or lock in a lower refinance rate will have to seize any chance they get over the next few weeks before rates head higher for what could be a while.
What Fed’s latest rate drop means for your mortgage, credit cards, retirement and more
When the Federal Reserve cuts its key interest rate, the decision begins to ripple outwards, affecting everyone from credit card holders to car buyers to corporations. Reset talks with a personal finance expert about what you need to know about the recent rate cut as well as tips for saving for retirement in today’s economy.
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.
Should you lock in a mortgage rate after the November rate cut? Experts weigh in
Mortgage experts agree that the right time to lock in a rate depends on your situation. Making your move later this month could offer some advantages. But your timeline, financial readiness and local housing market should guide your decision. The choice isn't just about getting the lowest rate — you must find the right balance for your needs.
What November’s Fed Rate Cut Means for Mortgage Rates and Potential Homebuyers
The Fed cut rates for the second time this year. Learn how this impacts mortgage rates and what to expect in the coming months.
The Fed Keeps Cutting Rates — So Why Aren’t Mortgage Rates Going Down?
On Thursday, at the end of its November meeting, the Fed announced a reduction of 0.25 percentage points in the federal funds rate, or the rate at which banks lend each other money overnight. The move follows an initial cut of half a percentage point in September.
Today's Mortgage Rates, November 12, 2024 | Rates Drop Back Down
These are today's mortgage and refinance rates. Mortgage rates are down slightly today, but they're still higher than they've been in recent months.
Why mortgage rates are still high after a Fed cut — and likely won't go down anytime soon
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. A combination of better-than-
Mortgage rates keep going up despite interest rate drop
The average 30-year mortgage rate remains high despite the Federal Reserve again dropping its key interest rate.
Today's Mortgage Rates, November 11, 2024 | Rates Have Been High So Far This Month. When Will They Drop?
These are today's mortgage and refinance rates. Mortgage rates are expected to go down next year, but a resurgence of inflation could change that forecast.
What To Expect From Mortgage Rates For 2025
Long-term mortgage costs have risen since the Federal Reserve started cutting interest rates in September as the yield curve ...
What the Fed rate cut means for mortgage interest rates
Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside ...
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 ...
Fed Cut Interest Rates, So Why Do Mortgage Rates Keep Climbing?
Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will ...