Mortgage rates have continued to rise, despite recent moves by the Federal Reserve to slow inflation by lowering short-term interest rates. The seemingly contradictory trend is largely influenced by longer-term factors, including investor expectations about inflation and economic growth. Mortgage rates are typically tied to the yield on 10-year Treasury bonds, which have surged due…

Mortgage refinance rates held steady for most loan terms as of the end of September, offering borrowers a stable but elevated environment for refinancing decisions. The average 30-year fixed refinance rate remained at 7.52%, while the 15-year fixed refinance rate stayed at 6.79%. Meanwhile, the 20-year rate increased slightly, rising to 7.44%. These consistent yet…