Can mortgage rates get below 6% with this Federal Reserve?
Mortgage rates dropped to 6.29% last week after the jobs report, but economic factors can only do so much without help from the Fed.
Mortgage Rates
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Migration slows under pressure of rate lock-in, cooling job market
The number of people who are moving remains significantly lower than before the pandemic, according to Bank of America Institute.
Lower mortgage rates pushed inventory lower in August
Year-over-year inventory growth has dropped from recent highs of 33% to 22%, despite mortgage rates not yet approaching 6%.
Survey finds generational divide on economy, housing market
On the housing market, 40% of respondents expect little change. Younger generations were more likely to hold neutral or positive views.
ARMs remain a small share of mortgage loans despite viral 41% claim
Adjustable-rate mortgages often get more attention when rates climb, but don’t fool yourself: their actual footprint in the U.S. housing market remains modest.
This year’s homebuyers need larger rate drops for refi benefits
A Neighbors Bank analysis found that a 0.25-point interest rate decline left the average borrower $2,424 underwater after three years.
TransUnion: Mortgage, home equity lending grow despite high rates
Rate-and-term refinances climbed 44% and cash-out refis increased 15%. Home equity originations had their strongest annual growth since 2022.
Mortgage rates drop to another new low for 2025
Mortgage rates reached a new 2025 low on Wednesday, despite core inflation running at 3.1% year over year, according to the CPI report.
Did lower mortgage rates already lower housing inventory?
Last week we saw an actual decline in inventory week to week, which is rare for this time of year compared to recent years.
Trump taps economic adviser Stephen Miran for Fed board seat
Miran, who currently chairs the Council of Economic Advisers, is being appointed to serve the remainder of a term that expires in early 2026.