Here’s how the Secured Overnight Financing Rate works and why it might matter for your mortgage
SOFR is a benchmark rate which certain variable rate financial products, for example certain mortgages, can be tied to.
Mortgage Rates Surge Back Above 7% After Strong Jobs Report
“Mortgage rates ticked up for the fifth consecutive week and crossed 7% for the first time since May of 2024,” says Sam ...
Trump Promised Lower Mortgage Rates. Can He Deliver?
On the campaign trail, Trump promised to bring down mortgage rates and make housing affordable again. His policies could do ...
Will mortgage rates fall below 6% in 2025? What experts say
"While I'd love to say rates will drop below 6% in 2025, I think it's a moderate probability and not a certainty," says ...
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on ...
Mortgage rates rise above 7% for first time since May
Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time ...
Why mortgage rates are still high despite the Fed rate cuts
As mentioned, mortgage rates haven't fallen in line with the Fed's rate cuts because they depend on factors beyond the agency ...
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Mortgage Predictions: What the Jan. 20 Presidential Inauguration Could Mean for Rates
On a normal day, it's nearly impossible to predict which way mortgage rates will go. Now, with so much uncertainty in ...