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 | Feb 25, 2025 | Housing Market, Real Estate
The U.S Department of Housing and Urban Development (HUD) plans to eliminate up to 50% of its 9,600 employees in the latest round of job cuts for federal agencies. The General Services Administration (GSA) is also facing a possible 50% reduction in its workforce, as...
by Alterna Mortgage | Oct 14, 2024 | Financing, Home Buying, Housing Market, Interest rates, Real Estate
Do they continue to cut the rates? Do they pause? It could go either way. The Federal Reserve on Wednesday September 18th enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort...
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