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Since October 2023, mortgage rates have declined by 1.44 percentage points — and they should fall even further after the Federal Reserve makes the first of several anticipated rate cuts this week.
Average mortgage rates are trending down as of Thursday, September 19, 2024, a day after the Federal Reserve announced it was lowering its benchmark interest rate by 50 basis points to a range of ...
Editor's note: Rates shown are as of Tuesday, September 17, 2024, at 6:30 a.m. ET. APYs and promotional rates for some products can vary by region and are subject to change.
The average 30-year fixed weekly mortgage rate was sitting at 6.2%, as of last Thursday. In early May, it was 7.22%; and in October last year, it was 7.79%. So we’ve come quite a ways. Yet ...
Delta Community Credit Union is a credit union headquartered in Georgia, a state in the United States. Delta Community Credit Union has $8.5B in assets and more than 430,000 members. [3] USA Credit Unions has ranked Delta Community as among the top 25 largest credit unions in the U.S. [4] Members include residents in 16 Atlanta metro area counties.
The Fed’s last pre-pandemic rate-cutting cycle followed a similar pattern. Average mortgage rates peaked at nearly 5% in late 2018 but had fallen to 3.75% by the time the Fed began dropping ...
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