Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates

Why mortgage rates are still high after a Fed cut — and likely won't go down anytime soon
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. A combination of better-than-
Mortgage Rates Today, Nov. 1: Median Rate Rises to 6.99%
The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage
Mortgage rates inch closer to 7% after Fed rate cut and Trump’s win
Despite the increase in rates, some home buyers were returning to the market, according to the Mortgage Bankers Association. The market composite index — a measure of mortgage a
Today's Mortgage Rates, November 12, 2024 | Rates Drop Back Down
These are today's mortgage and refinance rates. Mortgage rates are down slightly today, but they're still higher than they've been in recent months.
Why Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates
Following the Fed's 0.5% rate cut in September, mortgage rates went up, not down. Even though the central bank's policy decisions and economic outlook affect credit markets, the F
What Fed’s latest rate drop means for your mortgage, credit cards, retirement and more
When the Federal Reserve cuts its key interest rate, the decision begins to ripple outwards, affecting everyone from credit card holders to car buyers to corporations. Reset talks with a personal finance expert about what you need to know about the recent rate cut as well as tips for saving for retirement in today’s economy.
Mortgage rates keep going up despite interest rate drop
The average 30-year mortgage rate remains high despite the Federal Reserve again dropping its key interest rate.
How Mortgage Rates Will Change in 2025, According to Experts
The Federal Reserve cut interest rates by a quarter-point on Thursday, even as mortgage rates have been rising since September.
Trump's economic agenda for his second term is clouding the outlook for mortgage rates
Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House ...
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Mortgage rates fell, then rose. What comes next?
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How ...
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NAR economist forecasts 9% rise in home sales in 2025
The worst of the housing inventory shortage is coming to an end, mortgage rates are stabilizing and job additions are ...
Home Depot Says Hurricane Demand Slows Sales Slump
Strom damage across the Southeast accounted for higher sales to contractors, and the chain also forecast stronger results as ...
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Dip in mortgage rates drove surge in fall home sales in Portland area
A dip in mortgage rates fueled an unusually strong fall season for Portland-area home sales. The median Portland-area home sold for $540,000 in October, declining slightly from the prior month ...
Home Depot's sales are improving, but it says consumers are still cautious about spending
Home Depot's sales have gotten hit by economic factors, as higher interest rates slow housing turnover and more than two ...
New Home Sales Rise As Mortgage Rates Fall In September 2024, But Headwinds Build In October
September 2024's new home sales were remarkably strong when compared to the muted numbers reported a month earlier.
Sales slump fails to curb climbing Southern California home prices
The region’s median home price was up 6% in September, despite transactions falling to a near-record low, CoreLogic reported.
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RBC Mortgage Rates 2024
Rates are an incredibly important factor in securing a mortgage, but other considerations must also be made to ensure that your loan meets your long-term needs. The posted rate is the rate that a ...
Bright MLS October 2024 Housing Report: With an October Boost, Sales Surpass Last Year's Level
As mortgage rates fell at the end of the summer, there were more buyers making offers on homes which led to an uptick in ...