Latest Tech News

Stay updated with the latest in technology, AI, cybersecurity, and more

Filtered by: inflation Clear Filter

July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound

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

Worse Than a Recession? Trump's Tariffs Risk 'Self-Inflicted' Stagflation

An economic downturn combined with high inflation is a double-whammy for your finances. DNY59/Getty Images/Jeffrey Hazelwood/CNET President Donald Trump's turbulent tariff agenda, combined with mass deportations and increased national debt, has created heightened volatility in financial markets. Though many economists say there's low risk of a job-loss recession, others say we're at a critical crossroads, as consumer sentiment sours and the labor market sputters. Some analysts have even posite

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

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