rates news - Search News

Mortgage rates continue to climb despite cuts by Fed

Mortgage rates jump, slamming homebuyers despite Fed’s outsize interest rate cuts

The average 30-year fixed mortgage rate has increased for the third week in a row to 6.5%, according to Freddie Mac. That rate is a quarter-point higher than it was two weeks ago.

The Boston Globe · 2d

Homebuyers are stuck as mortgage rates defy Fed’s rate cut

The impact? It’s been pretty much as expected: a boost for stock market investors and so-so news for savers. But for prospective homebuyers, it’s brought more frustration: Mortgage rates have actually risen in recent weeks. Statewide, the median home price jumped 6.2 percent, to $600,000, as sales fell 3.7 percent.

Yahoo · 2d

Mortgage rates continue to climb despite cuts by the Fed: Here’s why

Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation.

ConsumerAffairs · 2d

Here's why mortgage rates are going up

What’s wrong with this picture,” prospective homebuyers may be asking. The Federal Reserve cut interest rates by .50% but mortgage rates have risen for th

BofA Extends Guaranteed FX Rates Up

Reuters on MSN · 13h

BofA extends guaranteed FX rate window to a year

Bank of America on Monday extended its guaranteed exchange rates by up to one year, the longest tenor in the industry, in an effort to reduce the risks to cross-currency transactions amid rising volumes.

Business Insider · 2h

Bank of America extends guaranteed FX rates up to one year

Bank of America (BAC) is simplifying the management of foreign exchange, or FX, risk associated with cross-currency payments and receipts with

International Business Times · 7h

BofA Extends Guaranteed FX Rates Up To One Year, Industry's Longest Tenor

In the 8th year since the bank launched guaranteed FX rates with tenors longer than 24 hours, the solution currently supports more than 200 currency pairings across various tenors, with the 1-year tenor now available for 37 currency pairs.

ECB, Simkus and interest rate

Bloomberg L.P. · 6h

ECB’s Simkus Says It’s Clear That Rates Will Be Lowered Further

European Central Bank Governing Council member Gediminas Simkus said borrowing costs will be reduced further should the downtrend in inflation persist, though he wouldn’t predict the outcome of officials’ next meeting.

Business Insider · 2h

ECB's Simkus Says Rates To Go Lower If Inflation Slows Further

The European Central Bank could cut interest rates further if inflation continues to slow and the economy remains sluggish, Governing

Reuters on MSN · 7h

ECB's Simkus says rates may need to go below 'natural' level

The European Central Bank is likely to cut its key interest rate down to its "natural" level between 2% and 3% but it may need to reduce it even further if a fall in inflation becomes entrenched, ECB policymaker Gediminas Simkus said on Monday.

2hon MSN

Why I'm Not Opening Any CDs in 2024 -- Even Though Rates Are Still Near 5%

CDs can be great for some people -- but they're not a fit for me. Read on to see why I'm giving them a pass despite great ...

Hosted on MSN5h

Best CD Rates Today, Oct. 21, 2024: Last Call for APYs Up to 4.75%?

Today's best CDs offer APYs as high as 4.75%. APYs have fallen since the Fed's September rate cut, and they're likely to keep ...

LAist on MSN1d

Mortgage rates were supposed to come down. Instead, they're rising. Here's why

Mortgage rates have jumped, despite the Federal Reserve cut interest rates by a half-point last month. For homebuyers, the ...

11h

Metals Rise After Chinese Banks Cut Rates to Aid Property Market

Iron ore and base metals rose after Chinese banks cut their benchmark lending rates, part of a push by Beijing to ensure Asia ...

2mon MSN

Volkswagen fined £5.4m for mistreating customers; UK interest rates ‘to fall to 2.75%’ next year – as it happened

Volkswagen Finance has agreed to pay over £21.5m in redress to around 110,000 customers who may have suffered harm because of ...

1don MSN

The Most Important Thing to Know About CD Interest Rates Right Now

Should you invest in CDs? CD rates currently outpace inflation, offering a safe, steady return. Here's why you should ...

Money Market Rates Are Lower, Yes. But Compared to What?

Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash, and investors are still ...

3don MSN

When will home equity loan interest rates fall again?

Home equity loan interest rates are on the decline. But when, precisely, will they fall again? Here's what to know.

In Massachusetts, auto insurance rates are soaring. Here’s what you can do about it.

The cost of insurance has increased by almost 38 percent since the beginning of 2022, more than double the overall rate of ...

14h

China cuts benchmark loan prime rates by 25 bps

China cut benchmark lending rates as anticipated at the monthly fixing on Monday, following reductions to other policy rates ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results

Related topics