Let's stay on bonds and stocks and markets because we've got new highs across the board for equities. Nearly all major averages on pace for new records. The market seems to have adjusted to tariffs.But what happens if the Supreme Court rules that the tariffs are actually illegal. Would that hurt America's massive debt load. Let's talk about that and more.Joe Leavone is well known to our audience as a markets guy, but now serves as counselor to Treasury Secretary Scott Bessant. Joe, good to have you on the p ...

Mortgage rates continued to edge down, bringing about an uptick in refinancing applications, according to the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.26% as of September 18, down from 6.35% last week but higher than 6.09% in the year-ago week. ...

Mortgage rates are creeping higher after the Federal Reserve cut benchmark interest rates on Wednesday, a counterintuitive but common phenomenon. The average 30-year fixed mortgage rate rose 9 basis points on Wednesday to 6.22%, according to Mortgage News Daily, and Treasury yields, which closely track mortgage rates, are moving higher Thursday. Mortgage rates ticked up after the central bank delivered its widely expected 25 basis-point cut, but Fed Chairman Jerome Powell cautioned that “there is no risk ...

The average rate on a 30-year U.S. mortgage fell again this week, echoing a decline in long-term U.S. Treasury bond yields ahead of the Federal Reserve’s first rate cut this year. The rate eased to 6.26% from 6.35% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.09%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also fell. The average rate slipped to 5.41% from 5.5% last week. A year ago, it was 5.15%, Freddie M ...

Mortgage rates fell for yet another week. According to Freddie Mac, the 30-year fixed-rate and 15-year fixed-rate mortgages dropped nine basis points to 6.26% and 5.41%, respectively. The share of mortgage applications attributed to refinances reached nearly 60%, the highest since January 2022. However, these rates were collected prior to the Fed quarter-point rate cut that was announced yesterday. The "Fed effect" won't truly be measured for another week. Whether that's lower — or higher — mortgage rat ...

While the Federal Reserve has begun cutting rates again, there are many other factors that affect the cost of home loans. ...

The Federal Reserve just cut its benchmark rate for the first time since last year, but that doesn't guarantee mortgage rates will keep droppingFILE - A development of new homes in Eagleville, Pa., is shown on April 28, 2023. (AP Photo/Matt Rourke, File)LOS ANGELES -- Hoping that mortgage rates will keep dropping following the Federal Reserve's first rate cut since last year? Don't bank on it.As expected, the central bank delivered a quarter-point cut Wednesday and projected it would lower its benchmark rat ...

LOS ANGELES (AP) — Hoping that mortgage rates will keep dropping following the Federal Reserve's first rate cut since last year? Don't bank on it. As expected, the central bank delivered a quarter-point cut Wednesday and projected it would lower its benchmark rate twice more this year, reflecting growing concern over the U.S. job market. Here's a look at factors that determine mortgage rates and what the Fed's latest move means for the housing market: How rate cuts affect mortgage rates Mortgage rates ...

Homebuilding company Lennar Corporation LEN could highlight falling mortgage rates and the impact of a potential rate cut when the company reports third-quarter financial results Thursday after market close.Here are the earnings estimates, what experts are saying and key items to watch.Earnings Estimates: Analysts expect Lennar to report third-quarter revenue of $9.00 billion, down from $9.42 billion in last year's third quarter, according to data from Benzinga Pro.The company has beaten analyst estimates f ...

Ahead of today’s biggest market news item — the Fed rate cut, expected at 1pm ET today — we see an economic segment directly affected by interest rates, Housing. As we’ll see, the homebuilding side of the housing market continues to cool down — clearly a result of still-high interest rates, which translate to high mortgage rates.August Housing Starts & Building Permits LowerWe had expected Housing Starts to cool month over month, from a +5% pop in July to something a bit lower. But today’s headline 1.307 mi ...