The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will ...
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It ...
Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside ...
Interest rates are going down — but aspiring homeowners waiting for lower mortgage rates aren’t feeling relief.
“Either way, it does seem likely, at least in the short term, that mortgage rates are going to go higher.” The Fed's quarter-point cut was widely expected by economists. Mortgage rates ...
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