Three Paths for Mortgage Rates Ahead

A Fed rate cut is expected Sept. 17, but mortgage rates, shaped by investor demand and Treasury yields, could rise, steady or drop.

Mortgage Rates Near 3 Year Lows Ahead of Fed

Mortgage rates dropped sharply lower today relative to the amount of movement in the underlying bond market with the average lender right in line with the lowest levels since late 2022. Because rates are directly tied to the prices of those bonds, the correlation tends to be almost perfect over time

U.S. Housing Affordability Shows Modest Gains

With mortgage rates easing and home prices slowing, affordability has increased 3.1% YOY across the U.S. However, conditions remain well below pre-pandemic norms.

Drop in Mortgage Rates Sparks Refinances

Mortgage rates fell to an 11-month low, prompting more refinancing. Experts urge caution if the break-even period to recoup costs is over two years.