Fed Rate Cuts Unlikely This Summer. Are Lower Mortgage Rates Still Possible?

Fed Says ‘Not Yet’ to Rate Cut, Mortgage Rates Dangle Below 7%

Mortgage interest rates dipped this week and the Federal Reserve left short-term rates alone, while opening the door to cut them in the fall.The average interest rate on the 30-year fixed-rate mortgage fell eight basis points to 6.86% in the…

Fed Rate Cuts Unlikely This Summer. Are Lower Mortgage Rates Still Possible?

The Fed's impact on mortgage rates isn't direct, but it matters. Here's what to know about the central bank's latest decision.

Federal Reserve Refuses To Cut Interest Rates

The Federal Reserve voted to leave the benchmark interest rate between 4.25% and 4.5%, despite the economy’s “solid position.”“For the time being, we are well-positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Federal Reserve Chair Jerome Powell said in a press conference following the decision.The Consumer Price Index rose 2.4% in May, up from 2.3% in April — its low…

Powell Signals There Won’t Be Shortcuts on Rate Cuts or Path to Lower Mortgage Rates - The Truth About Mortgage

The big Fed decision yesterday was keeping rates unchanged. Everyone knew that was going to be the case and didn’t bat an eye. However, things are always a bit more interesting because we get to hear from the Fed Chair after they release their FOMC statement. Chair Powell actually touched on the housing market directly,… Read More »Powell Signals There Won’t Be Shortcuts on Rate Cuts or Path to Lower Mortgage Rates The post Powell Signals There …

Are mortgage loans doomed to remain expensive under the Fed's interest rate policy?

With many borrowers eagerly awaiting a drop in interest rates to finally take or refinance a mortgage loan, the US Federal Reserve (Fed) has just sent a clear message: there's no rush.