by Alterna Mortgage | Sep 19, 2025 | Home Buying, Housing Market, Interest rates, Real Estate
On September 19th, 2025, mortgage rates experienced a significant drop, leading to a notable increase in mortgage applications across the country. The average rate for a 30-year fixed mortgage fell to 6.39%, marking the lowest level since October 2024. Alterna...
by Alterna Mortgage | Sep 18, 2025 | Financing, Home Buying, Housing Market, Interest rates, Real Estate, Refinancing
The Fed lowered borrowing costs by 25 basis points on September 17, 2025, a move Chair Jerome Powell framed as a “risk management” cut to bolster an increasingly fragile labor market. The decision was nearly unanimous, with the only dissent coming from Stephen Miran,...
by Alterna Mortgage | Sep 12, 2025 | Home Buying, Interest rates, Real Estate
The 30-year mortgage rates fluctuate due to factors aside from changes in the Federal Reserve’s federal funds rate. Although Federal Reserve actions can influence these rates, additional elements contribute to rate movements. A 30-year fixed-rate mortgage...
by Alterna Mortgage | Jul 9, 2025 | Financing, Home Buying, Housing Market, Interest rates, Real Estate, Refinancing
Chairman Powell decided to keep rates at their current range of 4.25% to 4.5%, citing uncertainty over the impact of tariffs on inflation. There’s been significant debate over the Fed’s interest rate policy this year, mainly because of tariffs. Most...
by Alterna Mortgage | Jul 1, 2025 | Financing, Home Buying, Inflation, Interest rates
Federal Reserve Chairman Jerome Powell stated that interest rate cuts were on hold due to tariff effects, despite pressure from the Trump administration. At a European Central Bank forum, Powell said, “I think that’s right,” when asked if tariffs delayed cuts,...
by Alterna Mortgage | Jun 29, 2025 | Financing, Home Buying, Housing Market, Interest rates
A surprise drop of 33,000 private-sector jobs in June—the first decline since March 2023—may influence the Federal Reserve’s timing on rate cuts. Although September remains the most likely month for a cut, odds for July rose to nearly 25% after markets reacted to the...
Recent Comments