Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts
The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That ...
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Mortgage rates were supposed to come down. Instead, they're rising -- here's why
Mortgage rates are ticking up even after the Federal Reserve has started cutting interest rates. Here's why, and where rates ...
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Average rate on a 30-year mortgage in the US rises to the highest level in 8 weeks
The average rate on a 30-year mortgage in the U.S. moved higher for the third week in a row and reached the highest level ...
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Expert predicts massive interest rate cut from Bank of Canada next week
The Bank of Canada (BoC) will announce its next policy interest rate on Wednesday, October 23. Earlier this week, Statistics ...
US homebuilder sentiment reaches four-month high on 2025 outlook
While new-homes sales have ebbed and flowed over 2024, the biggest builders have been solidly profitable and taken market ...
Retail Sales Due Today; ECB Set to Follow Fed With Rate Cut
The rate setter for the 20 countries sharing the euro will likely move the key deposit rate to 3.25% from the current 3.5%. The ECB started cutting in June, three months earlier than the Fed, and has ...
Bank bosses aren't worried about lower interest rates — and even see some upside
Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and loans in general, as well ...
PBOC Deputy Governor: Rate cut applies to 90% of existing mortgages
People’s Bank of China (PBOC) Deputy Governor spoke on several topics on the supportive measures implemented to shore up the ...
After U.S. probe, one of Pa.’s largest credit unions agrees to lend more to Philly’s Black, Latino homebuyers
Exton-based Citadel Federal Credit Union will add branches in Philadelphia. The Justice Department, announcing the settlement ...
Average US 30-year mortgage rate surges to 6.32%, adding pressure to buyers facing high home prices
The average rate on a 30-year mortgage in the U.S. surged to 6.32% this week, adding pressure on home buyers facing sky-high ...
US 30-year mortgage rate jumps to 6.36%, biggest weekly gain in 15 months
The last time it rose this much was July 2023, when the Fed was still increasing interest rates in its battle to bring down ...