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borrowing costs

Powell signals patience on rate cuts despite Trump pressure
Jun 24, 2025

Powell signals patience on rate cuts despite Trump pressure

Fed Chair Powell says rate cuts must wait, rebuffing Trump ahead of hearings.

Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline
Jun 18, 2025

Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline

The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the […]

30-year mortgage rates climb to 6.89%, highest since Feb
Jun 2, 2025

30-year mortgage rates climb to 6.89%, highest since Feb

U.S. 30-year mortgage rates rise to 6.89%, their highest level since February, pushing borrowing costs up and slowing home sales.

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