Historical mortgage rates chart Here’s a look at how average rates have tracked for 30-year conforming mortgages dating back to the 1970s, as presented by the Federal Reserve Bank of St. Louis (FRED): Mortgage rate predictions for 2025 To preface all of this, there’s a reason even well...
The Fed keeps on moving forward, seemingly oblivious to the potential catastrophe they are creating. Clearly, they are aware of trouble in the Mortgage market or else they would be more focused on actually meeting the target they set for themselves. In either case, the Fed has a bloated bala...
Rates, meanwhile, fell slightly but hovered near a 22-year high. Refinance applications rose 0.2% for the week but are still down 85% year over year. Mortgage applications to buy a home fell by 1%. That represents a 41% decline over the same week last year. — Diana Olick, Samantha Su...
Higher rates have been tough on borrowers, with the rate on the 30-year fixed mortgage rising to 6.12% as of the week of Sept. 13, according to Mortgage News Daily. That is up from 4.29% during the week of March 11, 2022, just prior to the Fed kicking off its first hike. Home e...
I am always interested in what drives the economy and you often hear talk about whether or not the Fed fund rate truly drives the economy. Dan Greenwrote a clear concise article on the Fed fund rate vs. the 30-year mortgage rate. There are many misconceptions, media driven I suspect, th...
The probability that the Fed is going to raise the funds rate given the emerging circumstances and implications is virtually zero (unless the TBTE banks want a crash and thus act to precipitate one as they did shorting Dotcom stocks in 2001-02 and junk mortgage paper derivatives in 2007-08...
We'll see if this decline in treasury yields and mortgage rates is enough to get housing activity going in, I suspect it would be a 7% mortgage rate is still pretty high compared to down from eight. I think there's a lot of people who are waiting to buy as soon as they...
The Federal Reserve interest rate is an important tool for guiding the economy. Increases in the federal funds rate can protect a strong economy, while cuts to the federal funds rate can help cushion the fall for a declining...
We expect Fed officials to continue to deliver hefty cuts over the next two years and bring the federal-funds rate to 2.00% to 2.25% by year-end 2026. Longer-term interest rates, including the 30-year mortgage rate, are due to fall as well. ...
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