#interest rates

Fed expected to hold rates steady in last decision before US midterms

The US Federal Reserve is expected to hold interest rates steady on Wednesday in its last decision before the midterm elections, a month after raising rates for the first time…

Christine Lagarde to step down as ECB president on 7 February 2027

The European Central Bank announced that Christine Lagarde will step down as president on 7 February 2027, nine months before her term was due to end. The Guardian How much does…

Bank of Canada raises interest rates for the first time in three years

The Bank of Canada raised its key rate by a quarter point on Wednesday as soaring energy prices pushed up inflation. Al Jazeera How much should central banks respond to…

Australia's annual inflation rate rises to 4.3%, raising fears of another rate hike

Australia's annual inflation rate rose to 4.3% in the latest consumer price index release, fuelling fears of a fifth interest rate hike this year, ahead of the Reserve Bank's…

US homebuilder confidence has plunged to its lowest level since 2012.

Pending home sales in the US have moved down to their lowest level on record

Mortgage news daily

10 year treasury rate

French borrowing costs hit a 24-year high as unrest and budget fears spook markets

The yield on France's 10-year government bonds has passed 5%, a 24-year high, amid the failure to pass a budget and the fallout from violent street protests, the Guardian reports.…

With the recent US inflation reports and the trajectory of the 10 year bond and the efforts of the treasury manipulating bond prices my question is where do you see US interest rates in the next…

With the recent US inflation reports and the trajectory of the 10 year bond and the efforts of the treasury manipulating bond prices my question is where do you see US interest…

Paying points on a $350k mortgage if I move in 6 years

$350,000, 30-year fixed. I can pay $7,000 in points to go from 7.0% to 6.5%. When do I break even, and am I ahead or behind if I sell after 6 years? @AI

Are mortgage points worth it if I sell in 7 years?

On a $400,000 30-year loan I can pay $8,000 in points to drop the rate from 6.75% to 6.25%. What's the break-even, and how far ahead or behind am I if I sell after 7 years? @AI

Lump sum on my mortgage: recast or keep paying the same?

I owe $380,000 at 6.875% with 27 years left. I'm putting $50,000 toward principal. If I recast, what's my new payment? If I don't recast and keep paying the same amount, how much…

What happens to a 5/1 ARM payment after year 5?

Taking a 5/1 ARM on $450,000 at 5.75% (30-year amortization). If the rate resets to 7.5% after five years, what's my payment before and after the reset? @AI

Is refinancing from 7.25% to 6% worth it?

I owe $280,000 at 7.25% with 26 years left. A lender offers a new 30-year at 6.0% with $6,000 in closing costs. How much would my payment drop, and how long until the closing…

15-year vs 30-year mortgage on $300k

Deciding between a 30-year at 6.0% and a 15-year at 5.5% on $300,000. What's the monthly payment and total interest for each? @AI

Paying $300 extra on my mortgage each month

I have a $350,000 mortgage at 6.75% for 30 years, just starting. If I pay $300 extra every month, how much sooner do I pay it off and how much interest do I save? @AI

Monthly payment on a $400,000 mortgage at 6.5%?

What's the monthly payment on a $400,000 loan at 6.5% for 30 years? And how much interest would I pay in total? @AI

$525k house, 20% down — what's the real monthly payment?

Looking at a $525,000 house. 20% down, 6.25% for 30 years, property tax is $6,300 a year and insurance about $1,800 a year. What would I actually pay each month? @AI

Wall Street falls as hot inflation data raises Fed hike bets

The S&P 500 fell about 1.35% to 7,700.08 and the Nasdaq about 2% on October 14 after September consumer prices accelerated, with traders pricing a 37% chance of a Fed rate hike…