Mortgage rates drop for fifth week in a row – CNN
Mortgage rates drop for fifth week in a row CNN
Mortgage rates drop for fifth week in a row CNN
EDITORS’ PICKComplimentary access to top ideas and insights — curated by our editors. If President Joe Biden really wants to win reelection in 2024, he should leave the mortgage industry in peace and find somebody else to torment. Progressives of course love to raise taxes, but not all taxes are overt and explicit. When government … [Read more…]
The latest Freddie Mac survey shows mortgage rates at 6.12% as of February 9 â three basis points higher than the previous week.
WASHINGTON — More interest rate increases are likely needed for inflation to return to 2%, Federal Reserve Governor Lisa Cook said Wednesday, expressing hope that “restrictive” Fed policy can occur without causing economic turmoil. While inflation has moderated, Cook said it remains “unacceptably high” and requires more action from the Fed, which over the past … [Read more…]
During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the MBA.
It seems inflation is, indeed, being tamed. But itâs still uncertain whether the U.S. is in the clear or if a potential downturn is ahead.
The latest Freddie Mac index measured the 30-year fixed mortgage rate at 6.09% on Thursday, down four basis points from the previous week.
The Federal Reserve slowed its drive to rein in inflation and said further interest-rate hikes are in store as officials debate when to end their most aggressive tightening of credit in four decades. Policymakers lifted the Fed’s target for its benchmark rate by a quarter percentage point to a range of 4.5% to 4.75%. The … [Read more…]
As expected, the Fed slowed the rate hikes in 2023 amid cooling inflation data, sparking hopes of a recovery for the housing market this year.