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Here's how Fed's big rate cut affects mortgages
Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month. But much more housing demand will likely be unleashed onto the market after the Federal Reserve finally cut interest rates this week for the first time in four years — and signaled more rate cuts by year’s end.
Mortgage rates dip to lowest level since early 2023 after Fed rate cut
In the past week, the standard 30-year fixed-rate mortgage averaged 6.09%, according to data released by Freddie Mac.
Average rate on 30-year mortgage falls to 6.09%, according to Freddie Mac, hovering at lowest level since February 2023
Average rate on 30-year mortgage falls to 6.09%, according to Freddie Mac, hovering at lowest level since February 2023
ConsumerAffairs
10h
Mortgage rates appear ready to slip below 6%
Maybe it’s just a coincidence, but the week the Federal Reserve cut its key interest rate for the first time in four years, ...
1d
on MSN
Freddie Mac Home Possible Mortgages: What You Need to Know
Learn more about the advantages and drawbacks of Freddie Mac Home Possible and how to qualify to help you decide if it's ...
Crain's Detroit
7h
Mortgage rates continue to drop, stoking housing optimism
Autumn is traditionally a slower time for the housing market, when prices ease and listings tend to linger, according to ...
1d
on MSN
3 couples who recently got mortgage interest rates under 3% share how they did it
The homebuyers are using the savings from their low-interest-rate mortgages to pay down debt and cover medical and retirement ...
9h
on MSN
What are mortgage and interest rates in Arizona today? Here's how much can you save
Mortgage rates are lower than they have been since early last year. Homebuyers and homeowners refinancing can now save ...
11h
Mortgage Rates Fall to Lowest Level Since Early 2023
Mortgage rates have fallen to the lowest level in more than a year and a half, new data showed Thursday. The figures ...
AOL
15h
Mortgage rates inch closer to 6% following Fed rate cut
At its meeting Wednesday, the central bank cut benchmark
interest
rates
by 50 basis points to ... demand for many ...
11h
Mortgage Refinance Rates Shoot Up from 19-Month Low
After plummeting earlier this week to their lowest levels since early 2023, refinance rates on 30-year, 20-year, and 15-year ...
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