After the Federal Reserve lowers interest rates, mortgage rates do not always follow the same path. Historically, while the Fed’s decisions influence short-term borrowing costs, long-term mortgage rates respond more directly to market expectations and investor sentiment. For example, after the Fed made a series of rate cuts in 2019, mortgage interest rates declined considerably,…
**Inflation Trends** Inflation has been on the rise lately, but several factors are keeping it in check. One major influence is the slow growth of wages, which makes it difficult for many workers to keep up with rising prices. Additionally, rents have started to decline in some areas, easing the pressure on household budgets and…
Mortgage refinance rates have experienced slight fluctuations as October 2025 draws to a close. The average rate for a 30-year fixed refinance now sits at 7.74%, a small increase from prior days, while the 15-year fixed refinance saw a modest decline to 7.03%. Meanwhile, the average rate for a 20-year fixed refinance dipped to 7.53%,…
**Federal Reserve Cuts Interest Rates Again** The Federal Reserve has lowered interest rates for the second time in a row, bringing them to their lowest level in three years. This move is aimed at stimulating economic growth amid concerns over slowing expansion and global uncertainties. Policymakers cited signs of weaker business investment and ongoing trade…
Mortgage rates have inched downward to close out the week of October 28, 2025, offering a modest reprieve to prospective homebuyers. The average rate for a 30-year fixed mortgage sits at 7.94%, while 15-year fixed-rate mortgages are averaging 7.23%. Adjustable-rate mortgages, such as the 5/1 ARM, are seeing average rates around 6.84%. Although rates remain…
Arizona real estate benefits from steady demand, cooling inflation, stable rates, and strong employment, offering cautious investment opportunities in 2024.
Many people are frustrated that policymakers appear more focused on funding high-profile projects like ballrooms and convention centers rather than addressing urgent economic concerns such as inflation. Critics argue that when the cost of living is rising rapidly, government attention and resources should be directed toward policies that actually ease financial pressure on households. In…
Mortgage interest rates remain a critical focus ahead of the Federal Reserve’s October meeting. While the Fed doesn’t directly set mortgage rates, its decisions on the federal funds rate have a significant influence on long-term lending products like mortgages. In recent months, as inflation pressures persist and the economy shows resilience, financial markets have speculated…
**U.S. Inflation Slows in September** U.S. inflation reached 3% in September, according to new data released by the Labor Department. This increase is lower than many economists had predicted, signaling that price hikes are easing after months of steep increases affecting food, gas, and housing. While the rate is still above the Federal Reserve’s 2%…
Mortgage refinance rates experienced subtle shifts as of October 24, with the average 30-year fixed refinance rate rising slightly to 7.78%, while the 15-year fixed refinance rate remained level at 7.03%. Rates for 30-year jumbo loan refinancing also dipped marginally to 7.78%. These numbers reflect ongoing uncertainty in the broader economy, influenced by inflation concerns…