For his part, Lewis says mortgage rates are poised to drop in February, after climbing above 7% in January. “The direction of ...
Zillow economist Orphe Divounguy says that solving affordability requires taking economic pressure off builders to boost new ...
Mortgage rates remain above 7%, but they are moving lower even after the Federal Reserve paused its rate-cutting cycle last ...
Rates on 30-year mortgages ticked up a minimal 1 basis point for a second consecutive day Monday, after a large drop last week. The flagship average now sits at 6.85%, just barely above the cheapest ...
Entering 2020, the 30-year fixed-rate mortgage was already below 4 percent. Then the onset of the COVID-19 pandemic brought ...
In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.
The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.
Most economists were expecting mortgage rates to fall over the course of the coming year. But rates have risen steadily over the last month, inching back up to 7% — and they’re expected to ...