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  Buyers have faced unprecedented challenges in the real estate market since the start of COVID-19. Record low interest rates and low housing supply during the pandemic pushed home prices to record highs, leaving many borrowers facing bidding wars. In the post-pandemic era, surging inflation caused would-be buyers to take another hit, as mortgage rates skyrocketed to their highest level since the year 2000. Inventory remains low today and mortgage rates remain high, but frustrated buyers may soon see a light...

What's the mortgage interest rate forecast for September 2024?

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Here's What Could Happen to CD Rates if the Fed Cuts Interest Rates Next Month

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  Mortgage rates have been high over the last few years, but it appears that may be changing. With inflation cooling, mortgage rates finally dropped in August to 6.47%, the lowest rate across the prior 15 months. Federal Reserve Chair Jerome Powell also suggested last week that the central bank will cut rates in September, which would likely have an impact on mortgage rates. Although these anticipated interest rate cuts offer prospective buyers hope, there's no guarantee of how low rates...

How low could mortgage rates drop this September?

Reuters

NEW YORK (Reuters) - The average rate on the popular U.S. 30-year fixed-rate mortgage ticked down this week to the lowest level since May 2023, but may need to fall further for the housing market to see significant improvement in demand.

US 30-year fixed-rate mortgage slips to lowest level since May 2023

Mortgage demand is now heavily skewed toward refinancing, as interest rates declined for the fifth straight week. Total mortgage application volume rose just 1.6% last week, compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages...

Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again

Editor's Note: Investopedia did not publish daily mortgage rate news on Monday, Sept. 2, in observance of Labor Day. The states with the lowest 30-year new purchase mortgage rates on Friday were New York, Utah, Florida, Louisiana, Texas, Massachusetts, and California. Meanwhile, the states with the highest averages on Thursday...

Today's Mortgage Rates by State – Sept. 3, 2024

Markets Insider

The Fed could cut 125 basis points by the end of the year if the labor market continues to cool, Citi economist Robert Sockin said.

The Fed will go bigger with rate cuts than markets think, Citi economist says

The Motley Fool

Real estate stocks have struggled as interest rates rose over the past three years.

Should You Buy AGNC Investment Ahead of Federal Reserve Interest Rate Cuts?

USA TODAY

How far can car loan rates fall with Fed rate cuts? Borrowers won't see relief as quickly as they'd like.

The Fed is set to cut rates, but what does it mean for car loans?

The US housing market added over $3 trillion in value over the last year alone, per a Redfin analysis.

The US housing market is on the verge of hitting a record $50 trillion valuation as prices keep rising

Snopes

The Oscar-winning actor has been very critical of Trump in the past.

Fact Check: Did Morgan Freeman Say a 2nd Trump Presidency Would Be 'Good for the Country'?

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are down as the Fed gears up to start lowering its benchmark rate in September.

Mortgage Interest Rates Today, August 27, 2024 | Rates Drop Below 6% as Powell Signals September Cut

Georgia State

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DeanLand

Three earthquakes were recorded in Georgia during August, the strongest a 2.4 magnitude which occured far outside of the area where Georgia earthquakes most often occur. The quakes were recorded and reported by the US Geological Survey, which maintains seismograph stations throughout the US.

Rare SE Georgia Earthquake Recorded in August, State's Farthest South in 10 Years

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  Inflation has been higher than the 2% target rate for years now, forcing the Federal Reserve to raise interest rates — and keep them there. That's been a challenge for hopeful homebuyers or anyone else looking to borrow money at today's high rates, but for savers, it's been a boon.Changes might be coming, though.Recent reports show that inflation has been cooling rapidly over the last three months, and, in turn, the Fed has indicated rate cuts may be in...

CD interest rate forecast for fall 2024: Everything experts predict

Scripps News

Experts anticipating a cut of the Federal Reserve's benchmark interest rate this fall think it could stabilize the housing market's wild ride of the last few years.

What an interest rate cut could mean for buyers in a wild housing market

Cooling inflation is good news for borrowers, but for savers, it means time is running out to maximize your earnings. Certificate of deposit rates remain elevated, with the best CDs currently offering up to 5.25% annual percentage yield, but APYs have been falling for months, and the pace has picked up as banks anticipate a Federal Reserve rate cut later this month. If you want to earn the most interest on your money, now’s the time to lock in an APY before rates fall further.

Best CD Rates Today, Sept. 3, 2024: Lock in a High APY Before Rates Drop This Fall

Mortgage rates have fallen four months in a row, and they'll probably go down in September and extend the streak to five months. There are two related reasons: Inflation is subsiding, and the Federal Reserve is about to reduce short-term interest rates. Before getting into what's expected in September, let’s...

September Mortgage Outlook: Rates Should Fall Again

Editor's Note: Investopedia did not publish daily mortgage rate news on Monday, Sept. 2, in observance of Labor Day. Rates on 30-year new purchase mortgages inched another 2 basis points higher Friday, nudging the flagship average to 6.33%. Two days prior, rates had sunk to their lowest reading in almost 17 months. Rates for almost all new purchase mortgage rates showed only minor changes Friday.

Mortgage Rates Climb Again, Moving a Bit Above Last Week's 16-Month Low

As readers might recall, Elon Musk borrowed $13 billion from Morgan Stanley, Bank of America and five other major banks to help finance its $44 billion acquisition. According to the WSJ, the deal has since become the worst merger-finance deal for banks since the 2008-2009 financial crisis. Why? When banks...

The banks that loaned Musk $13B to buy Twitter might be having regrets

Fox Business

The Federal Reserve is widely expected to cut interest rates as soon as September, but those carrying credit card debt, hoping for some relief, are likely to be out of luck.

Fed interest rate cuts won't help your credit card debt

NewsBreak

On the verge of an interest rate reduction

People are not holding off on buying cars or houses while the Federal Reserve contemplates a reduction in interest rates in the coming week. For economist...

On the verge of an interest rate reduction

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