Tag Archives: Rate

Fed’s interest rate hike to create less competition in the housing market More inventory in the market could attract scared-off buyers

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. Even economists are divided on what’s to come: Some believe rates have already peaked; others say […]

How Federal Reserve’s 75-basis point interest rate hike impacts you

What the federal funds rate means to you The federal funds rate, which is set by the U.S. central bank, is the interest rate at which banks borrow and lend to one another overnight. Although that’s not the rate consumers pay, the Fed’s moves still affect the borrowing and saving rates they see every day. […]

Weekly rate watch: Fixes gather pace

The average rate for a two-year fix rose by 6 basis points to 3.93%, while the average rate for a three-year fix lifted by 10 basis points to 4.27%. Over longer terms, the average rate for a five-year fix climbed by 6 basis points to 4.07%, while the average rate for a 10-year fix rose […]

New rate changes at ANZ at NAB

Two of the four big banks have announced rate changes. ANZ has slashed new customer variable rates by 0.5 percentage points, in the same month existing customer rates increased by 0.5% on the back of the RBA hike. For new owner-occupier borrowers, Australia’s fourth largest lender has cut its basic variable rate by 0.1 percentage […]

Here are your best money moves after Fed’s major interest rate hikes

1. Credit cards Kena Betancur | VIEW press | Corbis News | Getty Images Since most credit cards have a variable rate, as opposed to a locked-in fixed rate, t.’s a direct connection to the Fed’s benchmark. As the federal funds rate rises, the prime rate does, as well, and your annual percentage rate could rise within just […]

Moves that homebuyers can still make to find a lower mortgage rate

A real estate agent stands in the doorway as Giovani and Nicole Quiroz of Brooklyn, New York visit an open house in West Hempstead, New York. Raychel Brightman | Newsday LLC | Newsday | Getty Images After dropping to record lows in 2020 and 2021, mortgage rates are back up. Way up. While the past […]

Westpac, NAB predict two more back-to-back double rate hikes

Westpac and NAB are now predicting bigger and faster cash rate increases over the next few months. All big four banks now unanimously forecast two more 0.5-percentage-point hikes in August and September, which would total four double hikes in four months. Here are the big four banks’ updated RBA cash rate forecasts as compiled by […]

Five ways the Fed’s next interest rate hike could affect you

To keep up with the surging cost of living, consumers are spending more and saving less — and rising interest rates aren’t helping the matter. Next week, the Federal Reserve likely will raise rates by another three-quarters of a percentage point, although some on Wall Street still think it could opt for a full percentage point increase.  […]

Can Adjustable Rate Mortgages Save You Money? (AVOID This Mistake)

Adjustable rate mortgages might save you money but they also could be the biggest mistake you make! Find out whether you really save money getting an adjustable rate mortgage! AVOID The Biggest Mistake EVERYONE Makes When You Buy A House: Find out how to make an all cash offer to buy a house .: Curious […]

Forbearance rate declines to 2.15% Forbearance will decline at a steady pace across the board in November, according to MBA

Will mortgage lending get tighter in the next recession? The fact is we’re already at 2008 credit availability levels By DDA Mortgage • 14 Jul, 2022 • As recession talk becomes more prevalent, some people are concerned that mortgage credit lending will get much tighter. This typically happens in a recession, however, the notion that […]