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Mortgage rates decline to lowest level in nine months
Mortgage rates haven’t been this low since mid-October 2024. However, some perspective is in order: For the past nine months, rates have moved in a narrow range. These declines aren’t like the sharp drops seen early in the pandemic, or the big jumps that came in 2022 and 2023, as the Federal Reserve aggressively boosted interest rates.
Mortgage Rates Steadily Holding Longer-Term Lows
Although there were flashes of potential volatility in the underlying bond market at times today, mortgage rates made it through unscathed. In other words, the volatility wasn't sufficient to force the average lender to make mid-day changes to the rates they decided to offer this morning.
Another decrease in mortgage increase rates has led to an uptick in home loans, as well as homebuyers looking to refinance.
Americans buying a home now will see their housing budget stretch further than it would have a few months ago.
Mortgage rates are at year-to-date lows, but is this enough to spur home sales? Logan Mohtashami explains why 6% is the ...
The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down slightly from 6.74% last week ...
Want to borrow home equity this August but don't want to pay a high interest rate when you do? Here's what to know.
Last week, the Fed again held its policy rate steady, but more signs are emerging that cuts are likely to happen sooner ...
Mortgage rates have dropped, but it's not likely tied to the latest Fed news. Here’s why waiting for a Fed rate cut could be ...
When rates drop, homeowners can look at not only lowering their existing mortgage rate, but also shortening their loan term, ...
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