Over the past few years, elevated mortgage rates and sky-high housing prices have contributed to a lack of home affordability ...
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Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home loan to a lower rate, also eased this week with the average rate falling from 5.27% to 5.15%. A ...
Lower interest rates will soften the prices consumers pay for debt — but people may not see an impact on their payments for a ...
A host of economists I surveyed offered modest expectations after central bankers cut their benchmark interest rates for the ...
Mike Wood, the founder of mortgage lender Bailey & Wood Financial Group, talks Sept. 18, 2024, about the Fed's action.
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. But the central bank insists it looks only ...
The Fed cutting the benchmark rate is considered a step in the right direction for real estate and finance industries.
Home buyers, sellers and realtors are celebrating on the heels of the Federal Reserve’s decision Wednesday to lower the lending rate a full half-point.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their loans to a lower rate, ...
"Now they can afford more so they can go from $300,000 to maybe qualifying for $350,000," Tim Hart with VanDyk Mortgage said when referring to the cost of a home.