Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates

Why Fed Rate Cuts Aren't a Cure-All for High Mortgage Rates
On Nov. 7, the Federal Reserve implemented a 0.25% reduction to the federal funds rate, its second cut in over four years. Prospective homebuyers are eager for a silver lining in the housing market. But experts don't anticipate dramatically lower rates before the end of the year.
What November’s Fed Rate Cut Means for Mortgage Rates and Potential Homebuyers
The Fed cut rates for the second time this year. Learn how this impacts mortgage rates and what to expect in the coming months.
Mortgage Rates Today, Nov. 7: Median Rate Rises to 6.99%
The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage
Today’s 30-year mortgage interest rates rise to 6.99% while 15-year terms climb to 6.13%
The median interest rate on a 30-year fixed-rate mortgage is 6.99% as of November 7, which is 0.11 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.13%, which is 0.13 percentage points higher than yesterday.
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.
What the Fed rate cut means for mortgage interest rates
Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside inflation. But it's been a bumpy ride back to the bottom in recent weeks. What, then, does this latest Fed rate cut mean for mortgage interest rates? That's what we'll break down below.
Why mortgage rates are still high after a Fed cut — and likely won't go down anytime soon
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. A combination of better-than-
Today’s 30-year mortgage interest rates drop to 6.88% while 15-year terms fall to 6.00%
The median interest rate on a 30-year fixed-rate mortgage is 6.88% as of November 8, which is 0.11 percentage points lower ...
The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according ...
Mortgage Rates Fell, Then Rose. What Comes Next?
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.
Fed Cut Interest Rates, So Why Do Mortgage Rates Keep Climbing?
Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will ...
Mortgage Rates Set To Rise as Donald Trump Clinches Election Win
Although Trump has vowed to somehow lower mortgage rates if elected, the prospect of his election victory had been driving ...
America's prospective homebuyers absorb harsh reality: Mortgage rates probably aren't coming down for a while
The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the ...
Major British banks cut mortgage rates after base rate falls - but experts warn on future fixed deals
Borrowers on tracker and standard variable rate mortgages should see their monthly payments reduce after the Bank of ...