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
New data from Freddie Mac reports a fifth straight rise in weekly average 30-year and 15-year fixed mortgage rates, while daily rates appear to have calmed after this week’s news of a Fed rate pause as of Friday, May 3, 2024. The current average rate for a 30-year fixed mortgage is 7.36% for both purchase
SYDNEY–Australian mortgage stress and delinquencies will start to rise, even as the country’s cash rate is tipped to decline by the end of the year, Helia’s chief executive said. The lenders mortgage insurer expects the Reserve Bank of Australia cash rate to fall to 3.85% by the end of 2024 from 4.35% currently, it said