Current Mortgage Rates: Week of August 5 to August 9, 2024 News ad

Current Mortgage Rates: Week of August 5 to August 9, 2024 News ad

Money’s main takeaways: According to Money’s daily rate survey, the average rate on a 30-year fixed-rate mortgage increased to 6.757%, a change of 0.054 percentage points. According to Money’s daily rate survey, borrowers looking for a 30-year fixed-rate refinance loan found rates averaging 6.858%, an increase of 0.04 percentage points. Freddie Mac’s current rate for … Read more

Economists Worry the Fed Has Waited Too Long to Cut Rates News ad

Economists Worry the Fed Has Waited Too Long to Cut Rates News ad

After a worse-than-expected jobs report, many economists are worried the Federal Reserve may have waited too long to cut interest rates. Just two days after the Fed announced its decision to keep rates steady for now, the U.S. Department of Labor released a disappointing July jobs report showing the unemployment rate has ticked up to … Read more