According to the latest data from Freddie Mac’s Primary Mortgage Market Survey, the average 15-year fixed mortgage rate is ...

“Core” C.P.I., which more closely reflects underlying inflation by removing volatile food and energy prices, also showed ...

Although the current federal funds rate marks a drop from the recent peak of 5.25% to 5.50%, rates remain relatively high. So, how did interest rates get so high? From March 2022 to June 2023 ...

The Federal Reserve left interest rates unchanged on Wednesday at a target range of 4.25% - 4.50%. This was widely expected, but the central bank also took a more hawkish stance on future rate cuts, ...

The Federal Reserve decreased its interest rate for the first time in four years at its September meeting and cut it again in November. The current federal funds target rate is 4.75% to 5%.

The chart below shows the past 20 Fed rate changes compared to how mortgage ... That’s well over a full percentage point higher than the current rate of 6.46% (as of late August 2024).