Average mortgage rates open the week with a continued inching down on popular 30-year and 15-year terms as of Monday, June 17, 2024, after last week’s Fed meeting, where officials held the benchmark interest rate unchanged at a 23-year high. The current average rate for a 30-year fixed mortgage is 7.01% for purchase and for
Average mortgage rates remain stable as of Tuesday, June 11, 2024, as the Federal Reserve starts its two-day committee session. The Fed is expected to announce at the conclusion of its meeting tomorrow a seventh-straight hold on benchmark interest rates, the same day key inflation data for May is released. The current average interest rate
A version of this article first appeared on TKer.co When it comes to understanding new developments in the economy or the markets, the obvious and simplest explanations aren’t always the correct or complete ones. Consider the impact of higher interest rates. Higher rates are bad, right? Two years ago, the Federal Reserve began hiking interest
New data from Freddie Mac confirms a slide in weekly average 30-year and 15-year fixed mortgage rates, with a continued easing of daily mortgage rates as of Friday, May 17, 2024, ending a week that saw positive inflation readings that could influence future cuts to the Fed rate. The current average rate for a 30-year