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But that doesn’t mean home buyers should ignore the central bank’s announcement. Mortgage rates, at a recent 6.2%, have dropped a percentage point since late spr.
Mortgage interest rates may not drop as much as homebuyers were hoping they would this week. Getty Images Something that hasn't happened since March 2020 is likely to occur this week – the ...
Americans saw mortgage rates soar during the Federal Reserve's aggressive campaign to fight inflation, leading many to hope for a reprieve after the central bank finally cut the federal funds rate ...
Instead, the 30-year fixed-rate mortgage has ticked up for the last five weeks, ... the central bank’s benchmark rate would sit between 4.5 and 4.75 percent. Advertisement.