Articles
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2 days ago |
cnet.com | Katherine Watt
This week, mortgage rates are being influenced by headlines about ongoing trade negotiations and the bond market’s reaction to today's inflation report. The April Consumer Price Index report shows price growth at 2.3%, the slowest annual pace in years, and down slightly from the previous month. Though the report was mild, economists don't expect price growth to continue in this direction. Forecasts show prices will soon accelerate once we see an impact in import taxes.
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2 days ago |
cnet.com | Katherine Watt
Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what’s next for Fed rate cuts, labor data and inflation. It’s been a bumpy few months for mortgage rates. Lingering inflation, the threat of a global trade war and growing recession worries have reduced affordable options for homebuyers. The average interest rate for a standard 30-year fixed mortgage is 6.88% today, an increase of 0.06% since one week ago.
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3 days ago |
cnet.com | Katherine Watt
This week, mortgage rates are mainly driven by headlines about ongoing trade negotiations and the bond market’s reaction to tomorrow’s inflation data. On Monday, the White House announced a 90-day “reset” on steep tariffs with China, assuaging market fears of immediate supply shocks and reducing the recession risk forecast. Stocks and bonds surged in the aftermath.
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3 days ago |
cnet.com | Katherine Watt
Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what’s next for Fed rate cuts, labor data and inflation. It’s been a bumpy few months for mortgage rates. Lingering inflation, the threat of a global trade war and growing recession worries have reduced affordable options for homebuyers. The average for a 30-year fixed mortgage is 6.85% today, up 0.07% over the last week.
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3 days ago |
cnet.com | Katherine Watt
Average mortgage refinance rates have been volleying between 6.5% and 7% as fears of both higher inflation and an economic slowdown play tug-of-war with financial markets. Overall, rates are too high for most homeowners to save money from refinancing. After three interest rate cuts last year, the Federal Reserve has left rates unchanged in 2025 to assess the economic fallout from President Trump's policies on trade, immigration and government spending.
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