The Fed is set to issue its first rate cut since 2020 this week. Here's how far mortgage interest rates could then drop.
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
Homebuyers are rushing to take advantage of lower mortgage rates following the Federal Reserve’s recent interest rate cut.
The current median interest rate is 5.990% for a 30-year fixed-rate mortgage and 4.990% for a 15-year fixed-rate mortgage.
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 19, which is unchanged from yesterday.
Borrowers are finally starting to see signs of hope. Mortgage rates are at their lowest point in 18 months—and expected to ...
In the first week of January, mortgage rates averaged around 6.62%, already elevated compared to historical norms. By late ...
The average mortgage refinance rate on 30-year loans dropped to a 19-month low of 6.01% this week. Before refinancing, ...
Mortgage rates are lower than they have been since early last year. Homebuyers and homeowners refinancing can now save ...
Consumers holding off on big financial moves until interest rates fall may be waiting for some time to come, experts say. ...