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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…

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…

Mortgage interest rates saw mixed shifts as of October 25, 2023, with the 30-year fixed-rate mortgage inching up to 7.69%, while the 15-year fixed rate held steady at 6.95%. These rates remain elevated compared to this time last year, continuing to pose challenges for potential homebuyers and those looking to refinance. Fluctuating rates are largely…