Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

The 10 largest American IPOs of all time

July 30, 2025

Applying for Social Security: How and when to do it

July 30, 2025

US GDP Jumps To 3.0% In Second Quarter, Trouncing Estimates And Reversing Q1 Contraction

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Personal Finance»Weekly Mortgage Rates Ease Downward as Lenders Anticipate Fed Cuts
Personal Finance

Weekly Mortgage Rates Ease Downward as Lenders Anticipate Fed Cuts

August 1, 2024No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

In July, mortgage rates saw a downward trend that continued into the first week of August. The 30-year fixed-rate mortgage averaged 6.6%, a decrease of nine basis points from the previous week’s average, as reported by Zillow to BW. This drop in rates is attributed to the anticipation of the Federal Reserve transitioning into a rate-cutting phase. Lenders have responded by softening rates, resulting in the lowest weekly average for the 30-year fixed rate since early February.

Despite expectations, the Federal Reserve decided to keep the federal funds rate steady at its most recent meeting. However, there is optimism that a rate-cutting cycle will begin at the next meeting in September. Federal Reserve Chair Jerome Powell hinted at the possibility of rate cuts in the near future, although no decisions have been made yet.

Looking ahead, a potential rate cut in September may not have an immediate impact on the market. Even if mortgage rates were to decrease, it may not be a significant change. It is suggested that prospective home buyers focus on improving their financial standing, such as boosting their credit score or lowering their debt-to-income ratio, to secure the best possible mortgage rate. Instead of waiting for lower rates, taking proactive steps to strengthen your mortgage candidacy could be more beneficial in the long run.

Anticipate cuts Downward Ease Fed lenders Mortgage Rates weekly
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

First Look: Inside United’s Newest Denver Club

July 29, 2025

Four Frequent Money Worries – And What To Do About Them

July 29, 2025

What Is Citizens Bank, and Are Its Credit Cards Right for You?

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

HSBC CEO tells staff senior redundancies inevitable after revamp By Reuters

November 2, 20241 Views

‘Forever Chemicals’ In US Drinking Water: A Growing Problem

November 12, 20241 Views

Real Housewives Star Gina Kirschenheiter Joins EXp

December 4, 20240 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Investment

The 10 largest American IPOs of all time

July 30, 20250
Retirement

Applying for Social Security: How and when to do it

July 30, 20250
Economic News

US GDP Jumps To 3.0% In Second Quarter, Trouncing Estimates And Reversing Q1 Contraction

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.