Tag: interest rates
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Mortgage Rates Drop to 5.99%: What This Shift Means for Buyers and Homeowners in 2026
Mortgage rates fell to 5.99% for the first time in years. Here’s what’s driving the change and how it could impact homebuyers, sellers, and refinancing decisions in 2026.
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Fed Holds Rates Steady — Even After Trump’s Push for a Cut
Despite President Donald Trump publicly urging the Federal Reserve to cut interest rates, the Fed stayed the course. In their most recent meeting on July 30, 2025, the central bank left rates unchanged for the fifth time this year, holding the federal funds rate between 4.25% and 4.50%. What’s Behind the Decision? Even though inflation…
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The Impact of Nationwide’s New Sub-4% Mortgage Rate: A Game Changer in a Competitive Market
In a significant move signaling increased competition among lenders, Nationwide has introduced a five-year fixed mortgage with an interest rate below 4%, effective from Wednesday. This offering, aimed at new customers with a 40% deposit who are moving home, marks the first time since February that Nationwide has offered rates below this threshold. A New…
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Federal Reserve Bank President Mary Daly Supports Potential Rate Cuts Amid Economic Data
In a recent roundtable with reporters, San Francisco Federal Reserve Bank President Mary Daly announced her support for cutting interest rates. This shift in stance comes in light of new economic data covering employment, inflation, GDP growth, and the broader economic outlook. “With the information we have received today, which includes data on employment, inflation,…
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