LOAN REFINANCE CALCULATOR FREE

”The Fed’s next move is going to be determined by this week's data, and it doesn’t look like a rate cut in March is in the cards anymore,” says Melissa Cohn of William Raveis Mortgage. Those readings are cooling expectations for a rate cut at the Fed’s next meeting. Two recent data points have slowed the momentum: higher-than-expected jobs numbers and an uptick in inflation. However, any more steep declines in mortgage rates seem unlikely for now, in large part because the Fed is again talking about keeping rates higher for longer. Mortgage rates responded by free-falling from 7.21 percent to 6.88 percent in a single week. At the time, the Fed signaled several rate cuts in 2024. Mortgage rates fell sharply in mid-December as the Federal Reserve wrapped up its final meeting of 2023 with no rate hike. The average rate on 30-year fixed mortgages rose to 6.93 percent this week, up from 6.88 percent last week, according to Bankrate’s weekly national survey of large lenders. Mortgage industry insights Mortgage rates tick up In addition, though we strive to make our listings as current as possible, check with the individual providers for the latest information.

LOAN REFINANCE CALCULATOR FREE

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