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

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

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

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

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

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

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

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)

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

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)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

4 Smart Money Moves You Must Make Before Wednesday

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

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

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

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

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

Homebuyers Are Scoring 5% Mortgage Rates With These Simple Strategies

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

Does Next Week's Fed Meeting Matter for Mortgage Rates? Yes and No

When interest rate cuts do come, it won't be a cure-all for today's unaffordable housing market. Saifulasmee Chede/Getty Images/CNET If you followed the Federal Reserve's monetary policy decisions last year, you might have been puzzled: The Fed's three interest rate cuts didn't translate into cheaper mortgages. In fact, the average rate for a 30-year fixed home loan has hovered around 6.8% since late fall. On Wednesday, the central bank is expected to extend a pause on interest rate cuts for a

Now's the Time to Lock in an APY Up to 4.65%. Today's CD Rates, Feb. 20, 2025

Key takeaways You can earn up to 4.65% APY with today's best CDs. APYs haven't shifted much in recent days, but they won't stay high forever. By opening a CD now, you can protect your earnings from expected Fed rate cuts. Sometimes, no news is good news. As banks wait to see how long the Federal Reserve keeps interest rates paused, certificate of deposit rates haven't budged much over the past week. That's good news for savers who have yet to take advantage of still-elevated annual percentage

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