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The Fed sets the federal funds rate, influencing borrowing costs for short-term loans like credit cards and home equity. Mortgage rates generally follow the 10-year Treasury yield, not the Fed’s rate, but can be affected by its actions.

Tracking weekly housing data provides a clearer understanding of future market trends and demand shifts. Purchase applications vary significantly based on mortgage rate changes, reflecting market sentiment and demand.

恭喜發財. Wishing you prosperity. Lunar New Year, is the most important celebration observed in China, with cultural and historic significance.The New Year celebration is centered around removing the bad and the old, and welcoming the new and the good. Traditional activities include reunion dinner, cleaning houses, visiting family members, setting off firecrackers and fireworks, and…

Federal funds rate to hold steady at 2.9% across all four quarters, reflecting a new equilibrium. Borrowers and savers benefit from consistent rates, enabling confident financial decision-making.

The Fed influences mortgage rates indirectly through its policy on inflation and labor market data. Mortgage rates generally drop with Fed rate cuts, making borrowing cheaper for consumers.

1: Shopping around dents your credit score. Shopping for mortgage rates won't hurt your credit and can save you thousands. 2: Paying off long-term debt increases credit score. Paying off long-term debt may slightly lower your credit score

Rates to drop from 4.5% (Q1) to 3.9% (Q4), following gradual rate cuts across four quarters. Rate cuts aim to boost borrowing and economic activity while addressing inflation concerns.