Today’s 30-year mortgage interest rates rise to 6.63%, while 15-year mortgage rates climb to 5.88%

By: The median interest rate on a 30-year fixed-rate mortgage is 6.63% as of October 18, which is 0.13 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is also 0.13 percentage points higher than yesterday. The number of newly listed homes is starting to tick higher…

Read More

Rising break-even inflation rates could get Fed to consider no action in November: strategist

By Market participants’ expectations for future inflation, as measured by break-even rates, could rise by enough for the Federal Open Market Committee to consider keeping interest rates on hold next month, according to Thierry Wizman, global foreign-exchange and rates strategist at Macquarie.The 10-year break-even rate has risen to 2.27% as of Wednesday, based on the…

Read More