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Fed Cut Rates. Mortgage Costs Went Up.
Today's Mortgage Rates | The Fed Made a Cut. Mortgage Rates Went Up Anyway.
These are today's mortgage and refinance rates. Mortgage rates are up in response to new predictions of fewer Fed rate cuts next year.
The Fed Cut Rates. Mortgage Costs Went Up.
Hopes were high that the Federal Reserve could make homes more affordable by cutting interest rates. So far, mortgage rates are rising instead. Average 30-year mortgages have climbed to around 6.7% from roughly 6.
The Fed is lowering interest rates. So why are mortgage rates going up?
The central bank has cut its benchmark interest rate three times in 2024, but mortgage rates haven't followed suit. In fact, they're higher. Why?
30-Year Mortgage Rates Climb Again
30-Year Mortgage Rates Climb Again After One-Day Pause
After a brief pause Tuesday, the flagship mortgage average resumed its recent upward trend Wednesday. Most other loan types tacked on points as well.
Mortgage rates rise, hitting demand
Mortgage rates rose this week with the average 30-year fixed-rate note climbing to 6.72%, dinging demand as overall mortgage applications decreased due to a drop in refinances.
Mortgage Rates Climb for First Time in a Month, Landing at 6.72%
Mortgage rates in the US rose for the first time in four weeks. The average for a 30-year fixed loan was 6.72%, up from 6.6% last week, Freddie Mac said in a statement Thursday.
Wall Street Journal
19h
Mortgage Rates Rise
Mortgage
rates
climbed higher toward 7%. The average rate on the standard 30-year fixed
mortgage
was 6.72%, according ...
Marketplace
1d
Low mortgage rates make owners feel locked in — and leave buyers in the cold
With the "lock–in effect" shrinking inventory, 1.7 million fewer homes were sold between 2022 and 2024, per a federal housing ...
1d
The Fed might make fewer cuts in 2025. What does that mean for mortgage rates?
The Fed is likely to cut rates less than initially expected in 2025. What does this mean for mortgage rates and homebuyers ...
Yahoo Finance
1d
5 strategies to get the lowest mortgage rates in 2025
Mortgage
rates
may linger in the 6% range into the beginning of 2025, even with the recent interest rate cuts by the ...
18h
on MSN
Mortgage Rates Are Headed Back Towards 7%. What Could Send Them Lower.
Mortgage rates are priced off the 10-year Treasury yield, which moves based on economic and monetary expectations.
11h
on MSN
November home sales surged more than expected, boosted by lower mortgage rates
Sales were 6.1% higher than November 2023. This is the third-highest pace of the year and the largest annual gain in three ...
20h
on MSN
Home sales rebound as buyers seize a dip in mortgage rates. Could the bump be short-lived?
U.S. existing-home sales rose to an eight-month high in November as home buyers seized relatively lower mortgage rates. But ...
21h
on MSN
Home Builder Lennar Stock Falls as High Mortgage Rates Hurt Results
Lennar said the revenue drop was primarily due to a 7% decline in the number of home deliveries to 22,206 and a 2.5% fall in ...
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