Fed Cuts Interest Rate by a Quarter Point, but Don't Expect Big Declines for Mortgages Yet
In remarks at a postmeeting press conference on Wednesday, Fed Chair Jerome Powell said that policymakers are now equally attuned to risks from both sides of the mandate, and would proceed cautiously with future rate cuts to avoid reigniting rapid inflation.
Mortgage rates are driven by investor expectations and shifts in bond yields. Overall, investors care more about the Fed's ...
After surging to their highest level since July, 30-year mortgage rates retreated slightly to end the week. Rate movement was ...
"Many homeowners have seen significant equity growth due to rising property values. Refinancing in 2025 could allow them to ...
A refinancing replaces your existing mortgage with a new one while a second mortgage is taken out in addition to your ...
The International Monetary Fund says regulators should consider tightening Australia’s already-stringent home lending laws, ...
Today's real estate market has many homeowners feeling stuck. With 30-year mortgage rates currently averaging about 7%, ...
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Want a Cheaper Mortgage? Try a Rate BuydownIf you plan to stay in your home for a while, a permanent rate buydown can help you save on interest in the long term, though ...
If you want to avoid uncertainty and preserve the rate in your mortgage loan offer, get a mortgage interest rate lock. Interest rate locks can offer peace of mind to borrowers, but they ...
With the Bank of Canada’s benchmark rate falling to 3.25 per cent today from 5 per cent in June – and more decreases expected ...
Each point costs 1% of the purchase price of a home and usually knocks the rate down by 0.25%. On a $400,000 home, you'd pay ...
The Bank of Canada (BOC) has implemented a series of policy interest rate cuts since June 2024. In the last quarter of 2023, ...
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