How Low Might Mortgage Rates Go As The Fed Cuts Interest Rates?
Last November the 30-year mortgage rate approached 8%, now after the Federal Reserve cut interest rates on September 18, it’s approaching 6%.
Today’s 30-year mortgage interest rates fall to 5.990%, while 15-year rates remain at 5.125%
The median interest rate on a 30-year fixed-rate mortgage is 5.990% as of September 25, which is 0.010 percentage points lower than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.125%, which is unchanged from yesterday.
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H omebuyers and homeowners looking to refinance both received positive news earlier this month when mortgage interest rates plunged to their lowest level in two years. That drop w
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Mortgage interest rates today: Rates are down
The current median interest rate is 5.990% for a 30-year fixed-rate mortgage and 5.125% for a 15-year fixed-rate mortgage.
Mortgage rates continue to slowly drop following the Federal Reserve’s cut to interest rates
the fed’s move isn’t just impacting mortgage rates for buyers, but also those who might be looking to refinance as rates keep ...
Will The Fed Slash Interest Rates Again? Market Expects Another Big Cut As Borrowing Gets Pricier.
Since the Fed announced its 0.5 percentage-point cut last week, the 10-year Treasury yield has actually increased to a three-week high, defying expectations.