Mortgage Rates HIGHER (Not Lower) After Fed Rate Cut
Several things happen on Fed Day–especially on the 4 out of 8 examples with updated rate forecasts from Fed members. …
Tag: Rates
Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December
The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points — its first cut since December…
Mortgage Rates Near 3 Year Lows Ahead of Fed
Mortgage rates dropped sharply lower today relative to the amount of movement in the underlying bond market with the average…
Will the Fed cut rates on Wednesday? See 5 economic charts that may determine its decision.
The Federal Reserve’s rate decision on Wednesday is shaping up to be its most consequential of the year, with most…
Mortgage Rates Start Week at Another Long-Term Low
Mortgage rates have done almost nothing but move lower over the past 4 months. The first Fridays in August and…
Mortgage Rates Were Flat All Week No Matter What Other News Suggests
The underlying bond market (which dictates the rates offered by mortgage lenders) weakened moderately overnight. Weaker bonds equate to higher…
Mortgage Rates Move Back to Long-Term Lows
Today’s inflation report (the Consumer Price Index or CPI) certainly had a chance to create volatility for rates, but things…
Mortgage Rates Hold Steady With Help From Econ Data
Wednesday brought the first of this week’s two key inflation reports. While the Producer Price Index (PPI) is the lesser…
Mortgage Rates Finally Tick Slightly Higher
It had to happen at some point. After spending 4 straight days of setting new 11-month lows, mortgage rates finally…
Another 11-Month Low For Rates, But Just Barely
To their credit, most mortgage lenders did an admirable job of aggressively pricing-in the bond market rally after last Friday’s…