Current Mortgage Refinance Rates. Refinance rates have been similar to purchase rates recently. Last month, 30-year refinance rates averaged 6.74%, while 15-year refinance rates were around 6.10%.

One tool the Fed uses involves setting interest rates and this can have a direct effect on you as a consumer. A greater money supply drops interest rates. Less money generates higher rates.

Generally, it’s a great thing for the country not to go into a recession, but a strong economy is bad for rates. Currently, the 10-year yield is up a few basis points due to the news with China ...

Now that the budget bill has passed Congress, we can see clear projections for how it will impact deficits, government debt, and debt service expenses.

Mortgage rates declined during every recession in recent history, except for the 1973–1975 recession of "stagflation" – when inflation was high but economic growth was slow.

Banks also know their interest rates can’t go too much higher than what the Fed is paying. That’s because there are lots of banks and other lenders competing for customers who want to borrow.

Interest rates may have fallen this year, if not for the uncertainty and higher costs created by President Donald Trump's ...

Rates today are higher than in early April, when they hovered around 6.64%, but are down about 16 basis points over the past 12 weeks and nearly 40 basis points from a year ago—the largest year ...

Inflation has slowed and the labor market has softened enough to satisfy the Federal Reserve. That means the central bank is about to cut interest rates. On Aug. 23, Fed Chair Jerome Powell said ...

With the average rate for a 30-year-fixed mortgage not going above 4% for nearly three years — going as low as 2.65% at the beginning of 2021 — Americans got used to low interest rates.