The underlying bond market (which dictates the rates offered by mortgage lenders) weakened moderately overnight. Weaker bonds equate to higher rates, all else equal. "Higher rates" is contrary to many ...
The Federal Reserve’s interest rate cut last week has given prospective homebuyers something to celebrate: lower borrowing costs. The half-percentage-point cut took rates off a 23-year high, where ...
All too often the discussion of whether interest rates are too high or too low leads to unsatisfactory conclusions. The Federal Reserve fixates its myriad resources on something called the “neutral ...
Average mortgage rates have risen for the first time since February, data shows, as experts say the upcoming Budget and sticky inflation have led to lenders repricing. Month-on-month, average mortgage ...
The Federal Reserve on Wednesday cut interest rates by a quarter point for the second time in a row on labor market concerns – but Chair Jerome Powell said another cut in December is “far from” ...