Fed, mortgage rates
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Today, the mortgage interest rate on a 30-year fixed mortgage is 6.25%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.25%. On a 30-year jumbo mortgage, the average rate is 6.
Mortgage rates dropped to a new yearly low, reaching 6.25% Monday morning, following disappointing manufacturing data from the New York Fed.
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Appeals court rejects Trump’s bid to unseat Federal Reserve governor Lisa Cook ahead of rate vote
An appeals court has ruled that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates.
The US Senate has cleared President Donald Trump's pick Stephen Miran to join the Federal Reserve's board of governors - part of a panel responsible for setting the country's interest rates.
It’s about the “arcane underpinnings” of the mortgage-bond market.
A Michigan credit union is offering a mortgage rate sale for a limited time. But what's next for interest rates and the overall mortgage market?
If you’re looking to become a homeowner, now is prime time. The average 30-year fixed mortgage rate fell to its lowest level in almost a year last week, offering relief to those who have been waiting for a better deal.
Buyers have more purchasing power with lower rates, but home prices near record highs and a weakening job market are significant hurdles.