Mortgage rates are likely to rise in November, as a December cut from the Federal Reserve has started to seem uncertain.
The current average mortgage rate on a 30-year fixed mortgage is 6.28%, according to the Mortgage Research Center. The ...
During the last three years, mortgage rates have been on the rise. In early 2022, the average 30-year fixed rate was 4.72% and the 15-year fixed rate was 3.91%. Rates reached a recent peak in late ...
Mortgage rates have climbed for the second straight week, despite the Federal Reserve delivering its first interest rate cut in nearly a year, underscoring that a range of factors influence borrowing ...
The current average mortgage rate on a 30-year fixed mortgage is 6.41%, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.48%, while the average rate on a 30-year ...
Caroline Basile is Forbes Advisor’s student loans and mortgages deputy editor. With experience in both the mortgage industry and as a journalist, she was previously an editor with HousingWire, where ...
The economy's growth in the second quarter of the year was much stronger than previously reported, a development that is good news for the labor market, but will put upward pressure on mortgage rates.
Mortgage rates rose Thursday for the first time in over a month, as markets reacted to the Federal Reserve's cautious outlook for the near future following last week's quarter-point cut to its ...
During its September meeting, the Federal Reserve's monetary committee voted to cut its key interest rate by 25 basis points, which brings the target federal funds rate down to 4.25%, according to the ...
After years of elevated borrowing costs, mortgage rates have finally started moving lower — and the change is already rippling through the housing market. The average 30-year fixed-rate mortgage loan ...