Some consumers have been hoping that Fed rate cuts would lead to lower mortgage rates so they can buy a home or refinance their mortgage, but long-term mortgage rates move independently from the ...
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Another month, another report showing inflation surging. The inflation rate moved to 4.2% in May, the Bureau of Labor Statistics reported on Wednesday. That's up from the 3.8% it sat at in May and is ...
The average 30-year fixed mortgage rate fell to 6.37% this week, down six basis points from 6.43% the week before, according to U.S. News data. Mortgage refinance rates also pulled back this week, ...
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Average mortgage rates are stuck in the mid-6% range as the Iran war continues. The U.S. 30-year fixed mortgage rate averaged 6.43% during the week ending on July 2, according to the latest Freddie ...
This data series is part of the Center for Monetary Research. This site presents a weekly and monthly series of the proxy funds rate, following Doh and Choi (2016), Choi, Doh, Foerster, and Martinez ...
Concluding its June meeting, the Federal Open Market Committee (FOMC) unanimously decided to keep the federal funds rate within the range of 3.50%-3.75%, where it has ...
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If you're in the market for a new home, or you're thinking about refinancing your current mortgage, you may have faced some challenges. With high mortgage rates and a limited inventory of homes to ...