Latest news with #FedRate
Wall Street Journal
7 days ago
- Business
- Wall Street Journal
Mortgage Rates Today, August 4, 2025: 30-Year Rates Rise to 6.74%
Mortgage rates are up, but still under 7%. Today's national average on a 30-year fixed-rate mortgage is 6.74%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 5.99%. Mortgage rates have been relatively high so far this year, and they're unlikely to significantly drop in the near term. The Federal Reserve announced at the close of its July meeting that it would continue to hold its benchmark rate steady at a range of 4.25% to 4.50%. While mortgage rates aren't directly impacted by Fed rate decisions, they often move up or down based on how investors expect the economy to be impacted. With the Fed keeping rates steady, mortgage rates will likely remain near their current levels for now, especially since inflation has remained elevated in recent months. Top mortgage rates today Current mortgage rates are up, but lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate so far this year. Mortgage rates change regularly, so compare offers and consider the personal and market factors that influence your quoted mortgage rate.
Wall Street Journal
01-08-2025
- Business
- Wall Street Journal
Mortgage Rates Today, August 1, 2025: 30-Year Rates Drop to 6.72%
Mortgage rates are down and still under 7%. Today's national average on a 30-year fixed-rate mortgage is 6.72%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 5.97%. Mortgage rates have been relatively high so far this year, and they're unlikely to significantly drop in the near term. The Federal Reserve announced at the close of its July meeting that it would continue to hold its benchmark rate steady at a range of 4.25% to 4.50%. While mortgage rates aren't directly impacted by Fed rate decisions, they often move up or down based on how investors expect the economy to be impacted. With the Fed keeping rates steady, mortgage rates will likely remain near their current levels for now, especially since inflation has remained elevated in recent months. Top mortgage rates today Current mortgage rates are down and lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate so far this year. Mortgage rates change regularly, so compare offers and consider the personal and market factors that influence your quoted mortgage rate.
Arab News
01-08-2025
- Business
- Arab News
Gold set for 3rd weekly loss amid stronger dollar, reduced Fed rate cut hopes
BENGALURU: Gold prices held steady on Friday, but were poised for a third consecutive weekly loss pressured by a stronger dollar and diminished expectations for US rate cuts, while uncertainty from US tariffs on trading partners offered support. Spot gold was steady at $3,293.56 per ounce, as of 12:34 p.m. Saudi time. Bullion is down 1.4 percent so far this week. US gold futures edged down 0.1 percent to $3,344.60. The dollar index hit its highest level since May 29, making gold more expensive for other currency holders. 'Gold remains weighed by reduced bets for Fed rate cuts for the rest of 2025. This week's US GDP, weekly jobless claims, and PCE figures also shored up the Fed's reluctance to commit to a rate cut,' said Han Tan, chief market analyst at Fed held rates steady in the 4.25 percent to 4.5 percent range on Wednesday and dampened expectations for a September rate cut. US President Donald Trump slapped steep tariffs on exports from dozens of trading partners, including Canada, Brazil, India and Taiwan, pressing ahead with his plans to reorder the global economy ahead of a Friday trade deal deadline. 'The precious metal should, however, remain supported amid the still-uncertain impact from US tariffs on global economic growth,' Tan said. US inflation increased in June as tariffs on imports started raising the cost of some goods. Focus now shifts to US jobs data, due later on Friday, as investors assess the Federal Reserve's policy trajectory, with July job growth expected to have slowed and the unemployment rate projected to rise to 4.2 percent. Gold, often considered a safe-haven asset during economic uncertainties, tends to perform well in a low-interest-rate environment. Physical gold demand in key Asian markets improved slightly this week as a pullback in prices sparked buying interest, though volatility kept some buyers cautious. Spot silver fell 0.8 percent to $36.46 per ounce, platinum lost 1.7 percent at $1,268.45 and palladium was down 0.5 percent to $1,185.19. All three metals were headed for weekly losses.
Yahoo
28-06-2025
- Business
- Yahoo
Allianz's Zeng on Fed Rate, De-Dollarization
Jenny Zeng, Allianz Global Investors Deputy Head of Fixed Income & APAC Fixed Income CIO, speaks on Bloomberg TV about the Fed rate and the trend of de-dollarization. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
27-06-2025
- Business
- Bloomberg
Allianz's Zeng on Fed Rate, De-Dollarization
The China Show Jenny Zeng, Allianz Global Investors Deputy Head of Fixed Income & APAC Fixed Income CIO, speaks on Bloomberg TV about the Fed rate and the trend of de-dollarization. (Source: Bloomberg)
