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Mortgage Rates Rise to Highest Since Aug.

Mortgage Rates Tick Higher Across Most Loan Types

Rates on 30-year new purchase mortgages ticked up Thursday, increasing the average to 6.55%. The previous day's average marked the only sub-6.50% rate in the past two weeks. Most other new purchase mortgage rates also rose Thursday.

Fox Business · 3h

Today’s 30-year mortgage interest rates rise to 6.63%, while 15-year mortgage rates climb to 5.88%

The median interest rate on a 30-year fixed-rate mortgage is 6.63% as of October 18, which is 0.13 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is also 0.13 percentage points higher than yesterday.

Wall Street Journal · 20h

Mortgage Rates Today, Oct. 18: Median Rate Rises to 6.63%

As of Oct. 18, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year fixed-rate mortgage is 6.63%, which is 0.13 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 5.88%, which is also 0.13 percentage points higher than yesterday.

Boston.com · 1d

Mortgage rate hits the highest level in months

The average rate on a 30-year mortgage in the United States rose for the third week in a row, reaching its highest level in eight weeks. The rate rose to 6.44 percent from 6.32 percent last week, mortgage buyer Freddie Mac said Thursday.

China's Major Commercial Banks Cut Deposit Rates

Reuters · 18h

Bank of Canada most likely to cut rates by 50 bps next week

The Bank of Canada is widely expected to reduce its key policy rate by 50 basis points on Wednesday, its fourth cut in a row and what would be the first super-sized reduction in more than 15 years outside of the pandemic era.

The Wall Street Journal on MSN · 23h

China’s Major Commercial Banks Cut Deposit Rates Again

China’s major commercial banks have cut their deposit rates for a second time this year, a move that could help ease pressure on lenders’ profits after officials lowered mortgage and lending rates as part of efforts to boost the economy.

Bloomberg L.P. · 1d

China’s Mega Banks Trim Deposit Rates as Stimulus Hits Profits

China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year as they rushed to salvage record low margins amid weakened profitability.

ECB cuts rates

The New York Times on MSN · 1d

ECB Cuts Interest Rates Again as Eurozone Inflation Slows

The European Central Bank cut interest rates on Thursday for the third time in about four months, as inflation in the eurozone has cooled faster than expected. Policymakers who set interest rates for the 20 countries that use the euro lowered their key rate by a quarter point,

MarketWatch · 1d

Euro and government bond yields steady as ECB cut matches expectations

The market expected the European Central Bank to cut rates by 25 basis points and so the moves after the event are meagre. The euro was barely changed beforehand and remains that way around $1.0862. The monetary-policy-sensitive German 2-year bond yield is barely changed at 2.

Reuters on MSN · 1d

ECB cuts rates as expected, says well on track to tame inflation

The European Central Bank cut interest rates for the third time this year on Thursday in a nod to sluggish economic growth, some softening in an otherwise rock-solid labour market and easing consumer price pressures.

Homebuyers are stuck as mortgage rates defy Fed’s rate cut

The impact? It’s been pretty much as expected: a boost for stock market investors and so-so news for savers. But for ...

10h

Fed's Bostic says he is in no rush to get rates down to neutral

Atlanta Federal Reserve Bank President Raphael Bostic said Friday he will be patient on cutting rates to make sure inflation ...

13h

Mortgage Refinance Rates Hover Near 2-Week Highs

Mortgage refi rates have edged closer to their highest point in two weeks after hitting a 19-month low last month. Most other ...

1hon MSN

Brace for higher SDG&E bills after utilities commission releases proposed decision on rates

San Diego Gas & Electric customers would pay 2.7% more on their electric bills starting next year while customers with ...

14h

Money Market Rates Are Lower, Yes. But Compared to What?

Even with further Fed rate cuts likely, money market funds are a good alternative for stashing cash, and investors are still ...

8hon MSN

How much will a $75,000 HELOC cost per month now that rates are falling?

A $75,000 HELOC has inexpensive monthly payments now, and they could become even cheaper in the months to come.

1don MSN

Bank bosses aren't worried about lower interest rates — and even see some upside

Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and loans in general, as well ...

Auto insurance rates are soaring. Here’s what you can do about it.

The cost of insurance has increased by almost 38 percent since the beginning of 2022, more than double the overall rate of ...

14hon MSN

Prediction: 5-Year CD Rates Will Drop Below 3.25% in 2024

Consumer interest rates are coming down, but so are CD rates. Here's how much one writer predicts 5-year CD rates will drop ...

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