Rate, mortgage
Fed Slashes Rates Aggressively With Larger Half-Point Cut: Prepare for Lower Mortgages
Fed policymakers announced the half-point rate cut on Wednesday, bringing the central bank's effective benchmark rate to about 4.8%, down from a two-decade high of about 5.3%. It marked the first rate cut since March 2020, and follows two years of elevated interest rates in the central bank’s fight against inflation.
What the Fed rate cut means for mortgages, loans and credit cards
The Federal Reserve has made its first rate cut in 14 months, with more expected in 2024. Here are the smart money moves to consider.
What does the rate cut mean for mortgages and homebuyers?
The Federal Reserve delivered a jumbo-sized rate cut this week in a move widely viewed as a declaration of victory over inflation and a signal of relief for borrowers. Few areas of the economy welcomed the news more than the nation’s sluggish housing market,
The Fed just made a jumbo rate cut. Here are 5 takeaways on what it means for mortgages and more.
The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.
Mortgages Rates Are Way Down. How Fed Rate Cuts Could Change the Picture.
The Federal Reserve’s anticipated interest-rate cut is old news for mortgage rates, which have retreated from 2024 highs in anticipation. But that doesn’t mean home buyers should ignore the central bank’s announcement.
What the Fed’s interest rate cut means for mortgages, auto loans, and credit card debt
In the short term, the reduction will lead to slightly lower interest rates on mortgages, auto loans, and credit card debt.
The average 30-year mortgage rate has fallen to its lowest level since February 2023
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their loans to a lower rate, also eased.
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said.
Average rate on 30-year mortgage falls to 6.09%, according to Freddie Mac, hovering at lowest level since February 2023
Average rate on 30-year mortgage falls to 6.09%, according to Freddie Mac, hovering at lowest level since February 2023
Average mortgage rate falls
The rate fell to 6.09% after finishing last week at 6.20%, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.19%. The last time the average rate was this low was on February 2,
Best mortgages for first-time homebuyers
If you have decent credit, US Bank might be a good option for your mortgage. The lender offers conventional, FHA and VA loans ...
A Halfway Improvement In The Ancient Law Of Mortgages
The traditional law of mortgages complicates all those amendments for no good reason. Those complications are driven by blind ...
From mortgages to auto loans, experts weigh in on when — or if — to refinance as interest rates fall
The Federal Reserve just cut interest rates by a half point. That may open up some refinancing opportunities for borrowers, ...
Cheaper Mortgages and Car Loans: Lower Rates Are on the Horizon
With the Federal Reserve expected to lower interest rates, some borrowing costs have begun to ease — signs that loans may ...
When interest-rate cuts will hit credit cards, car loans, and mortgages
The Federal Reserve finally cut interest rates, but it could take time to see the relief reflected in your credit cards, car ...
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...
Analysis-Rate Cuts Are Here, but US Stocks May Have Already Priced Them In
As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks ...