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Mortgage Rate Update for October 2024
Mortgage rates are holding steady in October, with the average 30-year fixed mortgage hovering between 6.2% and 6.5%. This is up from the...
Oct 14, 20242 min read
Why Did Mortgage Rates Rise After the Fed’s Rate Cut?
If you’ve been watching mortgage rates closely, you might be puzzled: right after the Federal Reserve cut interest rates, mortgage rates...
Sep 20, 20242 min read
Inflation Down, Rate Cuts Ahead: Fed Signals Shift
Fed Officials Lean Towards Rate Cut Post Cooler CPI Data Over the past week, softer-than-expected inflation data has led several Federal...
Jul 12, 20242 min read
Inflation Below Expectations
Over the past week, major economic data was weaker than expected. Inflation and consumer spending fell short of economists' forecasts,...
May 18, 20241 min read
Federal Reserve Holds Interest Rates Steady as It Watches Economic Trends
As we move through 2024, the Federal Reserve has decided to keep interest rates unchanged. This decision reflects a period of careful...
May 6, 20241 min read
A Cautious Pause: Fed Officials Signal Rate Cuts Ahead Amid Inflation Uncertainty
The recent comments from Patrick Harker, President of the Philadelphia Federal Reserve, and Fed Governor Christopher Waller provide a...
Feb 23, 20241 min read
The Federal Reserve's 10th Rate Hike: What It Means for Your Wallet
The Federal Reserve recently raised the target federal funds rate by 0.25%, marking the 10th increase in the past year. This rapid...
May 3, 20232 min read
When Will Mortgage Rates Go Down?
Mortgage rates are a crucial factor to consider when purchasing a home or refinancing your existing mortgage. You may be wondering when...
Apr 29, 20232 min read
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