They are opting for adjustable-rate mortgages, or ARMs. These loans initially offer cheaper borrowing rates compared with a ...

The current average mortgage rate on a 30-year fixed mortgage is 6.28%, according to the Mortgage Research Center. The average rate on a 15-year mortgage is 5.41%, while the average rate on a 30-year ...

While the move helps avoid potential liquidity crises that could damage financial markets, it falls short of being as ...

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal ...

Treasury Secretary Scott Bessent pointed out Sunday on CNN’s “State of the Union” the administration’s cutback on government ...

The NYC mayoral race could change everything for real estate as Andrew Cuomo, Zohran Mamdani and Curtis Sliwa present very ...

Over the last few years, the Fed has been paying attention to various economic indicators to determine how to proceed with ...

Mortgage spreads just hit my target rate for 2025, but they could get even better, lowering mortgage rates even more.

Connecticut’s house purchase market is still favoring sellers, five years after frenzied home buying in the pandemic depleted the inventory of houses for sale. The market still has not made ...

The 10-year note jumped to its highest level in nearly three weeks, while the 2-year note climbed to its highest level in ...

The federal funds rate is the rate at which banks borrow and lend to one another. While the rates consumers pay to borrow money aren’t directly linked to this rate, shifts affect what you pay for ...

A significant retreat in U.S. mortgage rates has provided a glimmer of opportunity for prospective homebuyers, with the average 30-year fixed loan falling to 6.17% this week, its lowest point in over ...