Fed, interest rate

Why mortgage costs are rising despite interest rate cut
Mortgage costs are rising - with the average rate on a two-year fixed deal now at 5.5% - despite a recent cut in interest rates. A string of lenders, including Barclays, HSBC, NatWest and Nationwide, have increased the rates charged on new fixed deals in recent days.
Mortgage Rates Aren’t Moving in the Same Direction as the Federal Funds Rate—Here’s Why
Mortgage rates aren’t directly tied to the federal funds rate like savings and CDs. Instead, they’re tied to the 10-year Treasury yield, which is at its highest level in three months.
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.
Mortgage rates inch closer to 7% after Fed rate cut and Trump’s win
Despite the increase in rates, some home buyers were returning to the market, according to the Mortgage Bankers Association. The market composite index — a measure of mortgage a
Today's Mortgage Rates | What if the Fed Doesn't Cut Rates in December?
These are today's mortgage and refinance rates. If the Fed ends up keeping rates steady next month, we could see mortgage rates tick up slightly.
Will The Fed Cut Interest Rates In December?
The Federal Open Market Committee will announce its next scheduled decision on interest rates on December 18. A rate cut is likely but far from certain.
Mortgage Rates Today, Nov. 18: Median Rate Rises to 6.99%
The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.25% for a 15-year fixed-rate mortgage ...
30-Year Mortgage Rates Inch Up for a Second Day, Nearing 4-Month High
Rates on 30-year mortgages rose again, pushing the flagship average back near its highest level since July. Rates were up for ...
Mortgage Calculator: Here's How Much You Need To Buy a $424,950 Home at a 6.78% Rate
Assuming a 3.5% down payment and excluding tax and insurance, the typical payment at today’s 6.78% mortgage rate on a ...
The average rate on a 30-year mortgage in the US slips to 6.78%
The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% ...
Average Rate on 30-Year Mortgage Drops Slightly After 6 Weeks of Increases
Mortgage rates on a 30-year home loan have fluctuated throughout the year, reaching a peak of 7.22 percent in May. In late ...
Mortgage refinancing, auto loans rejected at highest rate since 2013
The findings showed rejection rates rose to 21% this year, from 20.1% in 2023. That’s well above the 17.6% seen before the pandemic.
Average rate on a 30-year mortgage slips for first time in weeks
Despite its recent upward move, the average rate on a 30-year mortgage is still down from 7.22 percent in May, its peak so ...
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Tri Pointe brings suburban buydowns amid mortgage rate uncertainty
The Nevada-based homebuilder’s internal mortgage company is offering 30-year fixed-rate, 1-0 buydowns for some homes near Austin, with first year rates at 4 percent and 5.5 percent for the ...
What Happens If Your Mortgage Renewal Is Denied?
Approximately 3% of mortgage renewals are denied. Forbes Advisor Canada explains the most common reasons why and what to do ...