
Mortgage Rates Rise Slightly, Ending Weeks of Decline
Mortgage rates increased slightly this week, ending a period of decline despite a recent interest rate cut by the Federal Reserve. The 30-year fixed rate now stands at 6.3%.
Daniel Clarke is a senior economic analyst for Crezzio, specializing in U.S. monetary policy, financial markets, and macroeconomic trends. He has over 15 years of experience covering the Federal Reserve and its impact on the global economy.
Mortgage rates increased slightly this week, ending a period of decline despite a recent interest rate cut by the Federal Reserve. The 30-year fixed rate now stands at 6.3%.
The Federal Reserve cut its benchmark interest rate by 0.25%, a move to support the job market that could lead to lower mortgage rates for homebuyers.
The Federal Reserve's recent rate cut offers cautious optimism for the commercial real estate market, which has seen values drop over 20% since 2022.
The U.S. Federal Reserve has issued a significant warning about the commercial real estate market, citing risks from remote work and high interest rates.
The Federal Reserve's first interest rate cut in nine months has lowered mortgage rates but failed to resolve deep-seated affordability issues in the housing market.
Global central banks have begun cutting interest rates, a move that is lowering borrowing costs and signaling a potential resurgence in the real estate market.
The national average for a 30-year fixed refinance rate has risen to 7.08%, a 43-basis-point increase, despite a recent interest rate cut by the Federal Reserve.
The Federal Reserve's recent interest rate cut is unlikely to cause a significant, sustained drop in mortgage rates due to market factors like inflation and bond yields.
Financial stocks rallied after a Federal Reserve rate cut, but the gains were not universal as the real estate and cryptocurrency markets faced declines.
The Federal Reserve cut its benchmark interest rate by 25 basis points, prompting criticism from a White House advisor who called for a more aggressive reduction.
The Federal Reserve is expected to announce a 0.25% interest rate cut on September 17, its first reduction of 2025, in response to cooling inflation and a softer job market.