How The Federal Reserve Rate Decision Affects Mortgage Rates

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Tue, 08/20/2024 - 1:31pm

How the Federal Reserve rate decision affects mortgage rates

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Mortgage Refinance Rates Drop For Almost Every Loan Type
Refinance averages showed downward movement across almost all other loan types as well. Thursday's 15-year refi average subtracted 3 basis points, 20-year refinance rates fell a bold 10 points, and ...
09/6/2024 - 3:37 am | View Link
3 Ways the Federal Reserve's Interest Rate Decisions Impact Your Money
Dropping the Federal Funds rate is going to have some big impacts on both savers and borrowers. Read on to find out what's ahead for your money.
09/6/2024 - 2:12 am | View Link
Does mortgage refinancing make sense this fall? Here's why it could
"You will benefit from a period where banks are not as slammed, Alvarez said. "When rates come down over the course of the next 12-24 months and volume increases, the amount of time a refinance will ...
09/5/2024 - 6:29 am | View Link
Average mortgage rate holds steady ahead of expected Fed rate cut
The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal Reserve later this month. The rate remained at 6.35% from last week, ...
09/5/2024 - 6:25 am | View Link
The mortgage rate ‘lock-in effect’ is starting to ease
The current average weekly mortgage rate (6.46%) is the lowest in 15 months, but rates likely need to drop further for the lock-in effect to loosen its grip in a major way. “I h ...
09/5/2024 - 3:47 am | View Link
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