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July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound

cnet.com See Full Bio 2025-07-22 05:36:00

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET Every time the average 30-year fixed mortgage rate dips, even by a few tenths of a percentage point, prospective homebuyers jump to take advantage. As soon as rates move up again, mortgage activity goes down. The past few weeks offer a textbook example. When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, according to the Mort

Topics: inflation market mortgage rate rates

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Trump Appears to Go TACO on Rumors He’ll Fire Fed Chair Jerome Powell

gizmodo.com Matt Novak 2025-07-24 01:35:02

Reports leaked Wednesday that President Donald Trump was getting ready to fire the chairman of the Federal Reserve, Jerome Powell. The news caused markets to dip, but TACO, the popular Wall Street acronym that stands for Trump Always Chickens Out, appears to be the dish of the day, as the president denied he was going to fire Powell while speaking to reporters in the White House. “He should have cut interest rates a long time ago. Europe has cut ’em 10 times in the short period of time, and we

Topics: job powell rates said trump

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Mortgage Rate Predictions: Here's Why Rates Are Staying High in July

cnet.com See Full Bio 2025-07-29 18:17:00

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET After the rate on a 30-year fixed mortgage dipped to around 6.7% (its lowest level in months), prospective homebuyers jumped to take advantage. Before the July 4 holiday weekend, mortgage loan applications increased 9.4% week over week, per the Mortgage Bankers Association. Homeowners also seized on refinancing, with refinance activity 56% higher than the same time last year. But the reprieve di

Topics: market mortgage rate rates year

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July Mortgage Forecast: Will Interest Rates Budge This Summer?

cnet.com See Full Bio 2025-08-08 17:52:00

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET The average rate on a 30-year fixed mortgage was around 6.7% on Monday, down roughly 0.25% from the previous month, according to Bankrate data. Despite the recent decline in rates, forecasts for the housing market have remained unchanged. Mortgage rates, linked to the bond market, have been stuck in limbo between 6.5% and 7% for months. President Trump's on-and-off-again tariffs, stock market sw

Topics: fed market mortgage rate rates

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Measles cases reach 33-year high as RFK Jr. pursues anti-vaccine agenda

arstechnica.com Unknown 2025-08-09 02:17:34

Over the weekend, the tally of measles cases reached 1,281, setting a new case record since the highly contagious viral disease was declared eliminated from the country in 2000. The previous record was set in 2019, when there were 1,274 cases and officials warned that the US had narrowly avoided losing the elimination status. Overall, the current case tally is a 33-year high for the preventable infection, and the outlook for the country is bleak. Vaccination rates have only fallen since the pan

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Mortgage Predictions for July: Will Rates Continue Falling?

cnet.com See Full Bio 2025-08-14 09:51:00

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET Mortgage rates are holding near a two-month low, with average 30-year fixed rates having fallen just below 6.7%, according to Bankrate data. After weeks of hovering close to 7%, it's a positive sign in today's unaffordable housing market. But it's unclear how much staying power the recent decline will have. Thursday's Bureau of Labor Statistics job report showed slightly lower unemployment in Ju

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The FCC delays enforcement of prison call rate caps

engadget.com Unknown 2025-08-18 19:54:52

Commissioner Anna M. Gomez called it an 'indefensible decision to ignore both the law and the will of Congress.' Chalk one up for prison telecoms — and against inmates' family members — courtesy of Trump's FCC. On Monday, the agency said (via The Verge) it would delay enforcement of a 2024 action aimed at capping prison phone call fees. The rules are now scheduled to take effect in April 2027. FCC Commissioner Anna M. Gomez criticized the agency's move in a statement. "Today, the FCC made the

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Mortgage Rate Predictions: How Tariffs, War and the Fed Are Impacting Rates

cnet.com See Full Bio 2025-08-20 18:33:46

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET Mortgage market predictions have been clouded by economic uncertainty caused by the Trump administration's trade measures, deficit spending and geopolitical maneuvering. The big question hanging over the housing market is whether rates will rise due to tariff-induced inflation or fall due to a recession. Since early spring, average mortgage rates for 30-year fixed loans have been swinging betwee

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Will Mortgage Rates Drop in a Recession? This Realtor Has a Hot Take

cnet.com See Full Bio 2025-08-21 07:32:02

Mortgage rates have typically fallen during recessionary periods. Douglas Rissing/Getty Images In today's news cycle, recession headlines come and go. Amid trade war anxieties, stock market roller-coaster rides and global conflict, no one is hoping for a major economic setback -- except recessions have often created more favorable conditions for mortgage rates. Since the beginning of 2025, average 30-year fixed mortgage rates have been stuck in the high 6.5% to 7% range. Most housing experts,

Topics: economic home mortgage rates recession

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Waiting for Mortgage Rates to Drop in a Recession? This Realtor Has a Hot Take

cnet.com See Full Bio 2025-08-21 15:00:04

Mortgage rates have typically fallen during recessionary periods. Douglas Rissing/Getty Images Recession headlines come and go in today's news cycle, which is filled with trade war anxieties, stock market roller-coaster rides and global conflict. No one wants to pin their hopes on a major economic setback. But since recessions have often created more favorable conditions for mortgage rates, many of my clients want to know: Will buying a home become more affordable in a recession? Since the beg

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Mortgage Rate Predictions: Will Military Conflict, Tariffs and the Fed Keep Rates High?

cnet.com See Full Bio 2025-08-23 06:40:56

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET The housing market is hardly immune to political and economic volatility, yet mortgage rates have been eerily calm over the last period. Since the spring, the average rate for a 30-year fixed mortgage has moved in a mostly narrow range around 6.8% and 7%. Mortgage rates were expected to gradually improve in 2025. However, the Trump administration's inflationary tariffs, deficit spending and geop

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Mortgage Rate Forecast Clouded by War Moves, Tariffs and the Federal Reserve

cnet.com See Full Bio 2025-08-24 14:17:02

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET The housing market is hardly immune to political and economic volatility, yet mortgage rates have been eerily calm over the last period. Since the spring, the average rate for a 30-year fixed mortgage has moved in a mostly narrow range around 6.8% and 7%. Mortgage rates were expected to gradually improve in 2025. However, the Trump administration's inflationary tariffs, deficit spending and geop

Topics: fed market mortgage rate rates

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Interest Rates Are Sizzling This Summer. Here's How You Can Cash In

cnet.com See Full Bio 2025-08-29 10:00:00

Your savings will grow faster in this account. Kristina Kokhanova/Getty Images Until recently, reviewing the interest earned on my savings account was a snoozefest. If I was lucky, my balance increased a whole cent or two each month. Interest rates -- like temperatures -- are high right now. You just need to look in the right place. Instead of the meager annual percentage yield I'm getting with my current savings account, I can net up to 4.5% APY with one of today's top CDs. That means my inte

Topics: cds high money rates savings

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10 Best Electrolyte Powders (2025): Tasty and Effective

wired.com Louryn Strampe 2025-08-30 19:01:00

TL;DR Don't choose something with ultra-high amounts of sodium, carbohydrates, or sugar unless you need to based on your exercise levels or a sweat test. Amy Brownstein, a registered dietitian nutritionist at MyNetDiary, says electrolytes are minerals that exist naturally in your body. These include magnesium, calcium, chloride, sodium, potassium, and phosphorous. Electrolyte powders usually contain these, as well as sugars and carbohydrates which can help a little bit with the absorption of th

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Mortgage Rate Predictions: Is This Week the Calm Before the Storm?

cnet.com See Full Bio 2025-08-31 22:59:00

Tharon Green/CNET Though the housing market is never immune to political and economic volatility, mortgage rates have been eerily calm. Over the last month, the average rate for a 30-year fixed mortgage has moved in a narrow range between 6.8% and 7%. An escalating war in the Middle East could spark fresh volatility across global markets, significantly affecting oil prices and the US dollar. That would have a ripple effect on long-term Treasury yields and mortgage rates. Mortgage rates had be

Topics: lower market mortgage rate rates

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Hot Summer Savings Move: Open a CD While Interest Rates Are High

cnet.com See Full Bio 2025-09-02 03:00:00

Smart savers know that CDs can pay big. Kristina Kokhanova/Getty Images My savings account has been sorely disappointing me lately. No matter how many times I check my balance, it feels like opening the fridge for the fifth time, hoping something new will appear. Fortunately, the solution is simple: I just need to shop around. With the Federal Reserve holding interest rates steady at this week's meeting, annual percentage yields on certificates of deposit should remain high for a while. That m

Topics: cd cds high rates savings

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Fed Rate Cuts Unlikely This Summer. Are Lower Mortgage Rates Still Possible?

cnet.com See Full Bio 2025-09-07 01:47:00

The Fed's interest rate decisions impact mortgages, but the relationship isn't straightforward. Tharon Green/CNET There's a wild amount of uncertainty in today's economy, but one thing is clear: The Federal Reserve isn't planning to lower interest rates this summer. Mortgage rates, which have been stuck near 7% for the past several months, are likely to stay higher for longer. On June 18, Fed officials voted to leave borrowing rates unchanged for a fourth consecutive meeting. Holding interest

Topics: fed inflation mortgage rate rates

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The Fed's on Pause, but You Shouldn't Be. Here Are 4 Smart Financial Moves to Make Today

cnet.com See Full Bio 2025-09-07 05:30:00

Make the most of your money while rate cuts are on hold. Maria Forbes/Getty Images Despite mounting pressure to lower interest rates, the Fed chose to keep rates where they are at this week's Federal Open Market Committee Meeting. With interest rate cuts on hold so far this year, policymakers have more time to assess how the economy responds to tariffs, layoffs and geopolitical conflict. "More of the same" doesn't mean status quo for your finances. The Fed's decisions (including its forecasts)

Topics: high money rate rates savings

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The Fed's on Pause, but You Shouldn't Be. 4 Smart Financial Moves to Make Today

cnet.com See Full Bio 2025-09-07 10:30:00

Make the most of your money while rate cuts are on hold. Maria Forbes/Getty Images Despite mounting pressure to lower interest rates, the Fed chose to keep rates where they are at this week's Federal Open Market Committee Meeting. With interest rate cuts on hold so far this year, policymakers have more time to assess how the economy responds to tariffs, layoffs and geopolitical conflict. "More of the same" doesn't mean status quo for your finances. The Fed's decisions (including its forecasts)

Topics: high money rate rates savings

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June Mortgage Forecast: Will Economic Chaos Fuel Even Higher Rates?

cnet.com See Full Bio 2025-09-07 14:01:00

As the Federal Reserve likely holds interest rates steady, mortgage rates are expected to stay in a narrow range. Tharon Green/CNET The Federal Reserve held interest rates steady for the fourth consecutive time this year at its monetary policy meeting this week. However, rising jobless claims, intensified geopolitical conflict and slowing economic growth could force the central bank to cut rates as early as the fall. As turbulent trade policies pressure financial markets, investors have been w

Topics: fed mortgage rate rates year

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What the Fed's Pause on Rate Cuts Means for Savings Account, CD Rates

cnet.com See Full Bio 2025-09-07 15:15:00

Now's the time to take advantage of APYs as high as 5%. Skyhobo/Getty Images Federal Reserve policymakers voted to hold interest rates steady today, pausing rates for the fourth time this year. In its postmeeting statement, the Fed summarized its findings by noting slightly elevated inflation and a low unemployment rate, though the economic outlook remains uncertain. The latest decision means that households, which have been facing budget strains and increased living expenses, will continue to

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Mortgage Rates and the Federal Reserve: Everything to Know Before Today's Decision

cnet.com See Full Bio 2025-09-08 19:15:03

The Fed's interest rate decisions impact mortgages, but the relationship isn't straightforward. Tharon Green/CNET Later today, the Federal Reserve is expected to extend a pause on interest rate cuts for a fourth consecutive time this year. While mortgage rates could see some volatility, many economists expect them to stay relatively flat until the economic picture changes. Average rates are likely to stay in the 6.75% to 7.25% range unless the Fed signals multiple cuts and backs up their polic

Topics: cuts fed mortgage rate rates

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Interest Rates Are Still High, and CDs Are Paying Big This Summer

cnet.com See Full Bio 2025-09-09 23:10:50

CDs are quietly winning with guaranteed returns. Kristina Kokhanova/Getty Images All the financial headlines talk about interest rates being at 20-year highs. We're living in a rare period with certificates of deposit offering yields we haven't seen in over a decade. The Federal Reserve meets tomorrow, but it won't cut interest rates until the fall at the earliest. The other day, I realized I wasn't taking advantage of the moment. I was staring at my static savings account balance, kind of lik

Topics: cd cds money rates savings

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Mortgage Rates and the Fed: Everything to Know Before Tomorrow's Decision

cnet.com See Full Bio 2025-09-10 15:16:33

The Fed's interest rate decisions impact mortgages, but the relationship isn't straightforward. Tharon Green/CNET On Wednesday, the Federal Reserve is expected to extend a pause on interest rate cuts for a fourth consecutive time this year. Though mortgage rates could see some volatility, many economists expect them to stay somewhat flat until the economic picture drastically changes. Rates will stay in the 6.75% to 7.25% range unless the Fed signals multiple cuts soon and backs it up with dat

Topics: fed market mortgage rate rates

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CDs Are Still Paying Big Interest on Your Savings This Summer -- Before Fed Cuts Rates

cnet.com See Full Bio 2025-09-10 23:00:06

CDs are quietly winning with guaranteed returns. Kristina Kokhanova/Getty Images The other day, I found myself staring at my static savings account balance, kind of like when you open the fridge for the fifth time, hoping something new will appear. My money was just sitting there in the bank, earning next to nothing. That's when I realized I wasn't taking advantage of the moment. All the financial headlines talk about interest rates being at 20-year highs. We're living in a rare period with ce

Topics: cd cds money rates savings

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5% Mortgage Rates Are Real. How Homebuyers Are Making It Happen

cnet.com See Full Bio 2025-09-11 10:15:04

Tharon Green/CNET Over the last several years, record-high home prices and high mortgage rates have made homeownership unaffordable. As 30-year fixed mortgage rates remain flat near 7%, homebuyers have been finding creative ways to score rates below what lenders advertise. Last year, nearly half of buyers purchased a home at a rate below 5%, according to Zillow. "With borrowing costs elevated, buyers can take steps to reduce their housing expenses by securing a lower mortgage rate," said Hann

Topics: home loan mortgage rate rates

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4 Smart Money Moves You Must Make Before Wednesday

cnet.com See Full Bio 2025-09-12 07:00:00

Make the most of the Fed's upcoming decision by taking these steps ASAP. Maria Forbes/Getty Images The Federal Reserve is under pressure to lower interest rates, but that's not going to happen at this week's meeting. With inflation still high and a global trade war raging, experts predict the Fed will pause rates for the fourth time this year at its Federal Open Market Committee meeting on June 17 to 18. That may not sound exciting, but it has a real effect on your wallet. The central bank's a

Topics: fed high rate rates savings

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Mortgage Rates and the Fed: Everything to Know Before This Week's Meeting

cnet.com See Full Bio 2025-09-12 18:44:30

The Fed's interest rate decisions impact mortgages, but the relationship isn't straightforward. Tharon Green/CNET On Wednesday, the Federal Reserve is expected to extend a pause on interest rate cuts for a fourth consecutive time this year. Though mortgage rates could see some volatility, many economists expect them to stay somewhat flat until the economic picture drastically changes. Rates will stay in the 6.75% to 7.25% range unless the Fed signals multiple cuts soon and backs it up with dat

Topics: fed market mortgage rate rates

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No Fed Cut, No Rate Break: June Mortgage Forecast Stays Flat

cnet.com See Full Bio 2025-09-13 11:00:07

As the Federal Reserve likely holds interest rates steady, mortgage rates are expected to stay in a narrow range. Tharon Green/CNET With each passing day, it seems like average 30-year mortgage rates could remain stuck near 6.8% for the rest of the year. Yet conflicting economic forces could push mortgage rates up or down in the coming months. Housing market experts say the same thing: The direction of mortgage rates depends on the economic impact of policies by the Trump administration and th

Topics: economic inflation mortgage rate rates

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Homebuyers Are Scoring 5% Mortgage Rates With These Simple Strategies

cnet.com See Full Bio 2025-09-13 12:00:21

Tharon Green/CNET If you're looking to buy a home, you probably know that housing affordability is in the dumps. Record-high prices and high mortgage rates are serving a double whammy to prospective buyers everywhere. But mortgage rates aren't set in stone. Although current rates are hovering near 7%, more borrowers are finding creative ways to snag rates below what lenders advertise. Last year, nearly half of buyers purchased a home at a rate below 5%, according to Zillow. "With borrowing co

Topics: home loan mortgage rate rates

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Latest Tech News

July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound

Trump Appears to Go TACO on Rumors He’ll Fire Fed Chair Jerome Powell

Mortgage Rate Predictions: Here's Why Rates Are Staying High in July

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Mortgage Predictions for July: Will Rates Continue Falling?

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Waiting for Mortgage Rates to Drop in a Recession? This Realtor Has a Hot Take

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Hot Summer Savings Move: Open a CD While Interest Rates Are High

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