The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September.
Read More What a Federal Reserve rate cut means for your finances
Tag: Mortgage Rates
Fed cuts interest rates to lowest level in 3 years
The Federal Reserve cut its benchmark interest rate to its lowest level in three years, lowering the federal funds rate target range by 0.25 percentage point to 3.75%–4.00%.
Read More Fed cuts interest rates to lowest level in 3 years
Mortgage rates drop to lowest levels of 2025
This week, mortgage rates fell to their lowest level of the year.
Read More Mortgage rates drop to lowest levels of 2025
US new home sales fall sharply in January
Sales of new U.S. single-family homes fell more than expected in January as persistently high mortgage rates sidelined potential buyers.
Read More US new home sales fall sharply in January
Report: Mortgage Rates Surpass 7% For First Time Since May
According to a new report, mortgage rates increased this week, going above 7% ━ adding more pressure to the housing market.
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US existing home sales rebound in October
Existing home sales rebounded sharply in October as buyers rushed into the market to take advantage of a brief decline in mortgage rates.
Read More US existing home sales rebound in October