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.
Mortgage Rates Won't Drop Despite Another Fed Rate Cut. Here's Why
You shouldn't rush into a home purchase (even if rates are falling) if it doesn't make sense for your budget or lifestyle. Taking extra time to build your credit score and put aside cash for a bigger down payment will help you in the long run, while also helping you save money on your future mortgage.
Another Fed rate cut is ahead but also likely is ongoing uncertainty after the election
Currently, Goldman Sachs economics research is penciling in another four consecutive interest rate cuts in the first half of 2025 but also acknowledged in its Monday update that more uncertainty exists regarding the Fed's path next year.
What will happen to mortgage rates after this week's Fed rate cut?
The Federal Reserve is set to issue another rate cut this week. Here's what could then happen to mortgage rates.
How Will the Federal Reserve's Decisions Impact Mortgage Rates?
While the Federal Reserve doesn't directly set mortgage rates, it influences them by making changes to the federal funds rate, the interest rate that banks charge each other for short-term loans. The Fed's decisions alter the price of credit, which has a domino effect on mortgage rates and the broader housing market.
Here’s why mortgage rates are rising after the Fed’s rate cut
US mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of the relief Americans felt this summer when mortgage rates fell in anticipation of a rate cut from the Federal Reserve as inflation improved.
The stock market is expecting more interest-rate cuts than the Fed can give
What This Week's Fed Rate Cut Could Mean for Your Money
The Federal Reserve cut interest rates at its last policy meeting and is gearing up for another rate reduction this week. Sure, there are plenty of other important things to pay attention to. But interest rates have a direct impact on your finances.
Americans are probably getting another interest rate cut this week — just days after the election
It's likely that the Federal Reserve will cut interest rates by a quarter point on Thursday, closing out a busy week after the election.
Why the Fed will likely cut rates in December — even after this week’s meeting
Short-term U.S. interest rates are likely to be lower on Inauguration Day in 2025 than they are on Election Day, and that means the U.S. Federal Reserve almost certainly will continue to cut the benchmark federal funds rate — not just this week but at its December meeting as well.
Fed to cut rates again with hazy post-election outlook
No one knows how the presidential election will end but as inflation continues to cool, Fed rates will be cut for a second time this year.
Today’s 30-year mortgage interest rates hold at 6.88% while 15-year terms climb to 6.13%
The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 5, which is unchanged from yesterday.
Mortgage Rates Today, Nov. 5: Median Rate Stays at 6.88%
The current median interest rate is 6.88% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage ...
Interest rates are going down. But mortgage rates are going ... up?
Interest rates are going down — but aspiring ... Economists also note that the mortgage market doesn’t only depend on the ...
Interest rate forecast 2025: Consumers can expect lower rates
Assuming inflation remains near 2%, interest rates will likely continue to trend lower. The FOMC projects a fed funds rate of ...
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Nearly half of recent homebuyers have a mortgage rate below 5%
After falling to close to 6% in September, the average 30-year fixed-rate mortgage is climbing toward 7% again, pricing many ...
Today’s 30-year mortgage interest rates rise to 6.99% while 15-year terms increase to 6.13%
The median interest rate on a 30-year fixed-rate mortgage is 6.99% as of November 1, which is 0.11 percentage points higher ...
Creating a Tax-Deductible Canadian Mortgage
Mortgage interest is not deductible in Canada, but this strategy could allow you to get the financial benefit anyway.