Mortgage rates ticked up slightly on Thursday but essentially held steady as markets took a pause amid cautious optimism over the federal government’s reopening after the longest-ever shutdown, tempered by lingering economic uncertainty. The average rate on 30-year fixed home loans rose to 6.24% for the week ending Nov. 13, up from 6.22% the week … Read more
Mortgage rates climbed on Thursday after four straight weeks of declines as markets adjusted their expectations following Federal Reserve Chair Jerome Powell‘s remarks on the likelihood of future rate cuts. The average rate on 30-year fixed home loans increased to 6.22% for the week ending Nov. 6, up from 6.17% the week before, according to … Read more
Mortgage rates pulled back Thursday to their lowest level in over a year, a day after the Federal Reserve cut interest rates for the second time this year as the government shutdown neared the one-month mark and major companies announced mass layoffs. The average rate on 30-year fixed home loans fell to 6.17% for the … Read more
The Federal Reserve has announced its second interest rate cut in a row, easing monetary policy as concerns grow about rising layoffs and economic fallout from the government shutdown. Fed Chair Jerome Powell joined the majority of the Federal Open Market Committee (FOMC) to vote for the quarter-point rate cut at Wednesday’s meeting in Washington … Read more
Even as Federal Reserve officials deliberate this week on interest rate policy, major employers including Amazon, UPS, and Target are announcing significant layoffs that may heighten the urgency for a rate cut. On Tuesday, as Fed Chair Jerome Powell and other members of the rate-setting Federal Open Market Committee (FOMC) began their two-day meeting, Amazon … Read more
Blinded by a data blackout during the government shutdown and deeply divided on the correct path forward, top Federal Reserve officials are meeting again to decide their next move on interest rates. Fed Chair Jerome Powell is joining other members of the Federal Open Market Committee (FOMC) in Washington, DC, on Tuesday for the two-day … Read more
A picturesque Craftsman-style Florida abode that was built by Sears & Roebuck founder Alvah Roebuck has snagged itself a buyer only days after hitting the market for just $600,000. Located in the small coastal town of Gulfport, a community of brightly painted cottages that attracts all manner of creatives and free spirits, the quaint dwelling … Read more