Fed Isn't Rushing to Lower Interest Rates
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CNET on MSNHow the Federal Reserve Actually Affects Mortgage RatesExperts predict the Fed won't start cutting rates until the fall at the earliest. That means we're not likely to see mortgage rates drop below 6.5% for a while.
Many buyers are drawn to the 15-year fixed-rate mortgage for its predictable payments and lower interest rates, which can lead to big savings compared to longer-term loans.
Mortgage rates would have to fall to lower than 4.5% or home prices would need to fall by 18% for housing to become affordable in the U.S., according to a new report.
Mortgage rates have stayed remarkably consistent for much of 2025 and there’s little to suggest that trend will change anytime soon.
22hon MSN
Even while the Fed left its benchmark rate unchanged, many consumer rates have fluctuated over the first half of the year.
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