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US mortgage rates drop to 2-year low ahead of Fed rate cut
Here's how far mortgage rates have dropped already this year
In the first week of January, mortgage rates averaged around 6.62%, already elevated compared to historical norms. By late March, they had surged to 6.94%, and by the first week of May, they had reached their peak for the year at 7.22% — up by about 0.6% from the start of 2024.
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.
Should You Refinance Your Mortgage After the Fed’s Interest Rate Cut?
People who bought homes in the past two years may want to seek a lower interest rate. Here’s how to think it through — and how to shop.
19h
Diddy, anticipating his arrest, paid off the mortgage on his $48.5 million mansion
Sean "Diddy" Combs paid off the $18.8 million mortgage on the home in August to "build trust" ahead of his anticipated arrest ...
20h
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 ...
16h
US home sales fell in August despite easing mortgage rates, more homes on the market
Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates ...
1d
on MSN
Mortgage rates are coming down — and home buyers are ready to pounce
Homebuyers are rushing to take advantage of lower mortgage rates following the Federal Reserve’s recent interest rate cut.
15h
on MSN
SoFi Mortgage Refinance Review 2024: Flexible, No-Fuss Refi Options
SoFi mortgage refinance loans offer homeowners a seamless, no-frills process. Learn more with our SoFi refinance review.
7h
Analysis-Rate Cuts Are Here, but US Stocks May Have Already Priced Them In
As the Federal Reserve kicks off a long-awaited rate cutting cycle, some investors are wary that richly valued U.S. stocks ...
22h
U.S. Existing Home Sales Slump To Ten-Month Low In August
The National Association of Realtors released a report on Thursday showing a sharp pullback by U.S. existing home sales in the month ...
1d
on MSN
Mortgage rates plunge to 2-year low: Should you lock a rate now?
Don't miss out on your opportunity to lock in a low mortgage rate. Compare your options now. Should you lock in a mortgage ...
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