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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 average 30-year fixed mortgage rate spiked after the Federal Reserve cut rates. Experts say expectations for rate cuts in 2025 fueled the jump.
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.
13h
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
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 ...
The Scranton Times-Tribune
3d
Average rate on 30-year mortgage snaps 3-week slide and rises to highest level since late November
The rate rose to 6.72% from 6.6% last week, mortgage buyer
Freddie
Mac
said Thursday. The rate is now higher than it was ...
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
3d
Fannie, Freddie recap has better odds for success today
A Congressional Budget Office report updating one from four years ago finds 60% of its 250 scenarios will result in the Treasury getting fully repaid, up from 12%.
20h
Mortgage volumes increase, reducing demand as fewer Americans refinance
This week, mortgage rates rose, causing a decline in demand as many Americans hesitated to refinance. According to Freddie Mac's latest Pr ...
3d
Greystone Consults on $157 Million Freddie Mac Q-Deal Securitization for Cedar Rapids Bank and Trust
Greystone, a leading national commercial real estate finance company, announced it has assisted Cedar Rapids Bank and Trust ...
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