Mortgage rates fall to 6.01%: Freddie Mac

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Mortgage rates dropped this week to the lowest level since September 2022, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year…

Kevin Hassett calls for NY Fed to punish economists over tariff research

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White House economic advisor Kevin Hassett on Wednesday called for the New York Federal Reserve to punish economists who published a research paper that found that the bulk of the burden of the Trump administration’s tariffs are falling on U.S. businesses and consumers. “The paper is an embarrassment. It’s, I think,…

Mortgage Rates Drop Again, Setting New 3-Year Low

Mortgage

Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates fell again this week, with the 30-year fixed rate averaging 6.09%, down from 6.16% last week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week low 30-year…

Fed signals rate hikes possible if inflation stays elevated above target

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Federal Reserve policymakers were mostly in agreement on the decision to leave interest rates unchanged despite two calling for cuts, though several signaled that rate hikes could be on deck if inflation remains elevated. The minutes for the January meeting of the Federal Open Market Committee (FOMC), the Fed’s monetary…

HELOC & Home Equity Rates Decline To 3-Year Lows

Mortgage

Image: Getty Images; Illustration: Bankrate Home equity rates fell this week, reaching their lowest levels in about three years. The $30,000 home equity line of credit fell one basis point to 7.31%, according to Bankrate’s national survey of lenders. Meanwhile, the five-year $30,000 home equity loan fell three basis points…