Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
What does the Fed interest rate cut mean for mortgages and homebuyers?
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...
After Fed Cuts Rates, Biden Claims Credit for Economy’s Strength
The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and ...
Why The Fed’s Lower Rates Will Boost Small Business Earnings
The long-anticipated cut, larger than the typical quarter-percent (25 bps) drop, was the first since the Fed started raising ...
U.S. Home Sales Surprise Fall in August Despite Easing Mortgage Rates
Sales decreased 2.5% month on month to a 3.86 million according to a report from the National Association of Realtors ...
U.S. Existing Home Sales Slump To Ten-Month Low In August
The National Association of Realtors released a report on Thursday showing a sharp pullback by U.S. existing home sales in the month ...