October Mortgage Rate Forecast 10/1/2025
Mortgage rates are likely to fall in October. Financial markets seem very sure that the Federal Reserve will reduce the federal funds rate at the end of its scheduled Oct. 28-29 meeting. Mortgage rates are likely to slip lower as investors gain confidence that the Fed will reduce short-term rates once or twice before the…
The Fed Cut Rates – Why Aren’t Mortgage Rates going down? Sept 17 2025
The Federal Reserve cut its benchmark (federal funds) rate by 25 basis points to a target range of 4.00%–4.25%. This was the first rate cut this year, driven by concerns about weakening job growth and rising downside risks to employment. Despite the rate cut, mortgage rates have not fallen in the short term — in…
Will Mortgage Rates Go Down??? September 3, 2025
In 2025, mortgage rates have settled into a more stable range compared to the sharp swings of the past few years, with the average 30-year fixed rate hovering in the mid-6% range. After peaking above 7% in 2023 and early 2024, rates have eased as inflation has cooled and financial markets anticipate the Federal Reserve…
Mortgage Market Update April 6, 2025
Interest Rates Wow! It was a bumpy ride for a few weeks. On April 4th the 30 year rate was 6.125%. By April 9th it was 6.875%. By April 15th it settled in at 6.625% and that is where it has stayed since. Stock market volatility and economic uncertainty were the catalysts for the volatility…
Mortgage Interest Rates in Review January 10, 2025
It’s been quite the ride for mortgage rates the past few years. Here is a brief summary: In 2021: In January of 2021 the average 30 year mortgage rate was 2.5%. The year ended with the 30 year rate around 3.25%. As we know, this was the lowest mortgage rates had been in the history of…
Mortgage Interest Rates in Review January 2, 2025
Since September 2022, mortgage interest rates have experienced significant fluctuations, primarily influenced by central bank policies, inflation trends, and economic conditions. The Federal Reserve’s ongoing rate hikes, aimed at curbing inflation, have pushed mortgage rates higher, leading to some of the highest levels seen in over a decade. Throughout 2023, rates often hovered above 6-7%…
Mortgage Interest Rates Back to July Highs October 22, 2024
With small jumps almost daily mortgage interest rates have risen back up to levels last seen in July. We’ve gone from being fairly close to 6.0% in mid-September for a 30 year fixed mortgage interest rate, to being nearly as close to 7.0% today. Why is this happening? It all started after the Fed lowered…
Mortgage Rates Higher After Fed Cut? September 26, 2024
Mortgage Interest Rates hit their lowest levels in more than a year and a half last Tuesday right before the Fed announcement to lower the Fed Funds rate by .50%. Great news! And after the Fed cut rates, wouldn’t that mean mortgage rates would go down further??? Well…… On Monday the average lender for a…
Will Mortgage Rates Lower After the Fed Meets? September 6, 2024
Mortgage rates have often made big moves on the first Friday of each month. That is the day the monthly jobs reports comes out each month. This report is looked at very closely by economists and the Federal Reserve. It is an indicator of inflation and the overall health of the economy. In that regard,…
Will Mortgage Rates go down this year? July 3, 2024
Mortgage rates are expected to gradually decline throughout the rest of 2024. However, significant reductions aren’t anticipated until the fourth quarter of 2024. By the end of 2024, mortgage rates are projected to be between 6.3% and 6.9%. This trend is partly influenced by the Federal Reserve’s approach to managing inflation. Current predictions are the…
