Category: Economy

The National Association of Realtors (NAR) has provided a promising outlook for 2025, predicting an average mortgage rate of 6% for the U.S. 30-year fixed mortgage. This forecast is set to significantly boost housing affordability and demand, providing a much-needed lift to the current …Read more  »

As of February 12, 2025, the average mortgage rates reflect a decline, albeit small, amidst ongoing concerns about persistent inflation. The average for a 30-year fixed mortgage is 6.91%, down by 0.05% from the previous week, while a 15-year fixed mortgage stands at 6.23%, experiencing a decrease of 0.02%. …Read more  »

As of today, February 11, 2025, mortgage rates have experienced a slight decline, providing a glimmer of hope for prospective buyers in a challenging housing market. The average 30-year fixed-rate mortgage stands at 6.94%, which is a decrease of 0.06% from last week. While this …Read more  »

If you are interested in how the Federal Reserve sets and changes the interest rate that affects the economy, you might want to look at the trends of the federal funds rate over the last 20 years. The federal funds …Read more  »

Mortgage rates as of February 10, 2025, are around 6.60%, reflecting a slight increase compared to previous weeks. This increase is tied to persistent inflation concerns and the impact of economic policies under President Trump, which have kept rates elevated in recent …Read more  »

Inflation and interest rates are top of mind in 2025. The last Fed rate hike was in July 2023. This adjustment saw an increase of 0.25%, bringing the federal funds rate to a range of 5.25-5.50%. This marked the culmination …Read more  »

As of February 9, 2025, mortgage rates have experienced minimal change, with the average 30-year fixed interest rate currently at 6.57%. This slight increase of two basis points from last week indicates that the market is stabilizing, making it a reasonable time for …Read more  »

Are you dreaming of buying a home and eagerly awaiting lower mortgage rates? Well, the latest January jobs report might have thrown a bit of a wrench into those plans. While the report isn't all bad news, it suggests that the Federal …Read more  »

Mortgage rates have experienced a slight dip, falling to an average of 6.89%. This positive shift is largely attributed to the financial markets' sigh of relief following former President Trump's swift turnaround on imposing significant new tariffs on Canada and …Read more  »