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Fed Cuts Interest Rate by a Quarter Point
The Fed cut interest rates but mortgage costs jumped. Here's why
The 30-year fixed mortgage rate spiked to 6.72% for the week ending Dec. 19, a day after the Fed meeting, according to Freddie Mac data via the Fed. That is up from 6.60% from a week prior. "The market is just responding to the tone of the Fed's message,
Fed Cuts Interest Rate by a Quarter Point, but Don't Expect Big Declines for Mortgages Yet
In remarks at a postmeeting press conference on Wednesday, Fed Chair Jerome Powell said that policymakers are now equally attuned to risks from both sides of the mandate, and would proceed cautiously with future rate cuts to avoid reigniting rapid inflation.
After Three Weeks of Declines, Mortgage Rates Inch Up
After three weeks of consecutive declines, the national average 30-year fixed rate mortgage (FRM) rose to 6.72% as of Dec. 19, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). That’s up from a national average of 6.
3h
Mortgage Rates Rise to 6.72% Amid 'End-of-the-Year Uptick in Activity'
The post Mortgage Rates Rise to 6.72% Amid 'End-of-the-Year Uptick in Activity' appeared first on Real Estate News & Insights ...
1d
on MSN
Mary Tyler Moore's $16.9 million Greenwich mansion still seeks buyer
Mary Tyler Moore’s eight-figure home in Greenwich, Connecticut is still looking for a buyer. The asking price for the late ...
21h
on MSN
Why a housing market 'thaw' never came in 2024
Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant. The reason ...
HousingWire
2d
FHFA finalizes new housing goals for Fannie Mae, Freddie Mac
In a final rule, FHFA's guidance is broadly similar to proposed goals announced this past summer for Fannie Mae and Freddie ...
2d
on MSN
The US housing market has had a tough year. Here’s what could save it
America’s housing market is finishing a year of high prices, sluggish sales and elevated mortgage rates. But there are factors that could give it a boost next year.
3d
Freddie Mac Multifamily Apartment Investment Market Index Continues Rise in Third Quarter of 2024, Increasing Nationwide and in all Markets
Multifamily Apartment Investment Market Index® (AIMI®) rose nationwide by 5.3% quarter-over-quarter and 9.2% year-over-year, ...
National Mortgage News
2d
What baby boomers expect to do with their homes
Boomer wealth surged by $19 trillion in just under five years, with approximately half coming from home equity, according to new Freddie Mac research.
2d
on MSN
Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November
The average rate on a 30-year mortgage is now the highest it’s been since Nov. 27, when it was at 6.81%.
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