Last time the Fed met, they halted their short-term rate hikes. They are expected to do the same when they meet again today. Rates remain favorable for folks buying a home or refinancing their mortgage.
Short-Term Interest Rates Unchanged by the Fed
Fed leaves short-term rates alone; falling long-term rates spark mini-refinancing boom
Interest Rates Still Attractive, Fed Still in Pause Mode
Although housing has slowed somewhat recently, long-term rates still remain attractive. The Fed paused their rate hikes the last time they met and are likely to do the same again this week. The economy remains conducive to housing and inflation remains under control.
Housing Gains Strength on Low Long-Term Rates
The number of home purchases grew last week compared to the week before, as Americans are taking advantage of long-term interest rates that are hovering at yearly lows.
Long-Term Rates Decline; Flirt with Historical Lows
As long-term interest rates approach yearly lows, more people are looking to buy or refinance a home.
Maintain Your Credit After Divorce or Loss of Spouse
If you have ever suffered the loss of a spouse due to death or divorce, you know there are many things you have to take care of to ensure your financial security. One of those is to make sure your credit is in good standing and stays that way. Here are a few tips.
Gap Between Short- and Long-Term Rates Narrows
Applications for mortgages, both refinances and new purchases, were down a bit last week. The gap between short-term rates and long-term rates has narrowed, but long-term rates remain low and continue to prompt those with adjustable rate mortgages to refinance into fixed programs.
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