Here’s What Moves Mortgage Rates—and Why It’s Not Always the Fed
When the Federal Reserve raises or lowers its benchmark interest rate, many people expect mortgage rates to follow suit. But ...
Tag: Mortgage Rates
Tariffs, Likely to Be ‘Inflationary,’ Face Uncertain Future
On Sat., Feb. 1, President Donald Trump imposed previously promised tariffs, implementing a 25% tax on imported goods from Mexico ...
Fed’s Preferred Inflation Gauge Rose Again at the End of 2024
The Federal Reserve declined to cut interest rates any further at its latest meeting—and the Fed’s preferred inflation metric now ...
Mortgage Rates Edge Downward, Little Change From Last Week
Mortgage rates inched lower this week, still hovering below 7% but showing little change since earlier this month. The latest ...
Decline in Refinance Activity Drove Mortgage Applications Lower This Week
Mortgage industry experts pointed to a drop in refinance activity as the overall driver of home purchase applications decreasing this ...
2024 New-Home Sales Reach Highest Level Since 2021
Persistently high mortgage rates hovering near 7%, coupled with equally high home prices, have created an affordability crisis that many ...
Fannie Mae: Higher Mortgage Rates Likely to Keep Existing Home Sales Near Multi-Decade Lows
The recent jump in the 10-year Treasury yield and the resulting rise in mortgage rates are expected to continue to ...
Mortgage Rates See Slight Reversal, Trending Down
In a slight reversal of the past month’s trends, the average 30-year mortgage rate decreased from its average last week ...
Forward-Looking Economic Index Reads Flat, but ‘Fewer Headwinds’ in 2025
The Conference Board Leading Economic Index (LEI), which measures indicators of significant turning points in the business cycle and where ...
Little Change in Mortgage Applications This Week
Mortgage applications barely increased this week amid lingering high mortgage rates, but the increase was enough to push home purchase ...
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