mortgage rates

As President Donald Trump pressures Federal Reserve Chair Jerome Powell to cut interest rates, his newly passed tax-and-spending bill may be making that goal harder to achieve. What Happened: The Trump administration's proposed tax bill, which supporters dubbed the “Big Beautiful Bill,...

Homebuilder ETFs posted modest gains Wednesday after a slight uptick in housing starts, but the rally may prove short-lived. During Wednesday afternoon trading, both the iShares U.S. Home Construction ETF (BATS:ITB) and the SPDR S&P Homebuilders ETF (NYSE:XHB) gained over 1%. Markets are...

Home improvement retailer The Home Depot (NYSE:HD) could be a gauge for the do-it-yourself growth in the era of high home prices and mortgage rates when the company reports first-quarter financial results Tuesday before market open. Here are the earnings estimates, what experts are saying ahead of...

Best known for shorting stocks like GameStop, Citron Research's Andrew Left also shares long calls on stocks that are undervalued by Wall Street. Citron shared its latest stock pick Tuesday, a company it believes is misunderstood by investors. What Happened: Citron said Tuesday it is "pounding the...

President Donald Trump’s tariff announcements led to a sell-off in the stock market and prompted investors to move to safer assets such as Treasury bonds. The 10-year Treasury yield declined and the average 30-year fixed mortgage rate dropped from 6.75% to 6.55% last week.  Mortgage Rates:...

Mortgage rates are rising again — and that’s bad news for homebuyers and refinancers. But, it may be an exciting opportunity to make money for investors looking at mortgage-backed securities (MBS) ETFs. With the most recent figures indicating a big decline in mortgage applications, the...

In the week ended Feb. 21, U.S. mortgage rates declined to their lowest levels this year, Bloomberg reported, presenting potential opportunities for investors in mortgage-backed securities (MBS) ETFs. Although the decline was not deep enough to trigger increased lending activities immediately, the...

The January Consumer Price Index came in higher than expected with inflation hot to start 2025. What Happened: CPI rose 3% on a year-over-year basis in January, missing expectations for 2.9%. CPI was up 0.5% on an adjusted basis from December to January, up from 0.4% in the previous report. Rising...

Fixed-rate mortgage rates have steadily declined, marking a third consecutive week of decrease. Freddie Mac's data shows that 30-year fixed-rate mortgage now averages 6.60%, significantly lower than the 6.95% rate from a year ago. "The combination of mortgage rate declines, firm consumer income...

U.S. mortgage demand saw its steepest weekly drop in over four years, as a sharp rise in interest rates caught homebuyers off guard. After weeks of steady declines, the new surge in interest rates has driven away potential buyers, with many sidelined due to affordability concerns. The Mortgage...

A sharp reversal in mortgage rates has taken U.S. homebuyers by surprise, leading to the largest drop in weekly mortgage applications since mid-August. The sudden uptick in rates adds pressure to an already challenging housing market, where affordability and supply are becoming increasingly...

Homebuilder KB Home (NYSE:KBH) could provide a look at how healthy the sector is and what the 2024 election and a recent Federal Reserve rate cut mean for the company when third-quarter earnings are reported Tuesday after market close. Earnings Estimates: Analysts expect KB Home to report third-...

Mortgage rates continue to fall toward 6% as the housing market absorbs the Federal Reserve’s 0.5% rate cut on Wednesday, raising demand for refinancing and buying, stated Freddie Mac. The average rate for a 30-year fixed mortgage fell to 6.09% on Thursday, down from 6.2% a week ago and 7.19...

The Federal Reserve cut interest rates for the first time in more than four years on Wednesday, opting to lower the rates by 50 basis points to a range of 4.75% to 5%. Here's a look at what the rate cuts could mean for consumers. What Happened: The Federal Reserve's decision to cut interest rates...

The average interest rate for a 30-year fixed mortgage dropped to its lowest point in two years as markets anticipate the Federal Reserve lowering its key interest for the first time in four years, perhaps by as much as 50 basis points. The rate for the most popular home loan fell 14 basis points...