The Federal Reserve is poised to cut interest rates this fall, a development that could drive mortgage rates lower. But some experts expect that borrowing...
But expectations for the Fed to move have already driven mortgage rates lower, and borrowing costs could fall further ahead of the central bank taking action.since early February, with data from Freddie Mac last week showing rates were down to 6.73% from a peak above 7.2% earlier this year. Freddie Mac will publish updated weekly data on Thursday., the average rate fell to as low as 6.3% earlier this week, marking the lowest level in more than a year.
Recent housing data has pointed to challenges with affordability as rates have stayed above 6% since early last year. Buyers still remain on the fence, with applications for a mortgage to purchase a homefor the second consecutive month while the pace of existing home sales slowed, signaling that homeownership remains out of reach for many.
The mortgage market has seen positive signs recently, with the average mortgage rate falling to the lowest level since early February. According to Freddie Mac, the average weekly rate on the 30-year fixed-rate mortgage fell below 7% and stood at 6.73%. 9/11 hearings at Guantanamo Bay in upheaval after surprise order by US defense chief
Team GB is enjoying a golden Paris Olympics. At the end of the first seven days of competition, Great Britain occupied fifth spot on the overall medal table, although the medal rush slowed down over the middle weekend.American who claimed husband chained her to a tree to starve had done it herself, say police
St. Louis County prosecutor Wesley Bell defeated Bush in their Democratic primary race on Aug. 6, putting an early end to the progressive lawmaker's reelection campaignTropical Storm Debby continued to bring rain to the eastern and central United States from Tuesday, August 6, into Wednesday, August 7, footage shows.
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