After this week's Fed rate hike, where are mortgage rates headed? | CNN Business

But now that the Fed has signaled a softer approach to cooling the economy instead of rolling out bumper rate hikes, potential home buyers are left to wonder: Will mortgage rates come back down? Or have buyers missed their chance? Mortgage rates have run up so far and so fast this year that many would-be homebuyers can no longer afford to buy a home. At the end of 2022, when rates were at 3%, few predicted that just a year later rates around this week’s 6.

“Mortgage rates will drop a bit in December, we’ll see a brief flurry of activity, but there are likely to be more increases in the new year.” And don’t expect to see rates drop at the same speed at which they rose this year, she said. “We have to remember mortgage rates come down much slower than they go up,” said Cohn. “Banks will want to see proof that rates are meaningfully coming down and not a one-shot wonder.

Thanks Joe

'No one knows exactly where mortgage rates will go in the months ahead.' Use your head. The fed just raised rates again. I gotta dollar or two that mortgage rates go up too.

We’re lucky if they stay in the 5% range.

Up

You Keep voting blue, this is what you get!

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Central banks around the world follow the Fed in stepping down rate hikes | CNN BusinessCentral banks around the world are joining the Federal Reserve in slowing down the pace of interest rate hikes as inflation shows signs of easing. Pathetic propaganda We don’t believe a word u say anymore.
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Elon Musk's Twitter bans accounts of CNN, NYT, WaPo journalists | CNN BusinessTwitter, owned by Elon Musk, on Thursday banned the accounts of multiple journalists covering the technology industry without explanation. Oh. So...... now you're interested in banned accounts. Your network is a joke. Well stop spreading misinformation Good, How's that feel CNN spews more BS than all the other left wing networks....
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Video: Elon Musk and his Twitter madness on CNN Nightcap | CNN BusinessPuck's William Cohan tells 'Nightcap's' Jon Sarlin why Elon Musk might want to run Twitter into the ground. Plus, journalist Jacob Silverman predicts what could cause a true crypto apocalypse following the arrest of Sam Bankman-Fried. And the Washington Post's Taylor Lorenz explains why American tech giants want to make TikTok the boogeyman. To get the day's business headlines sent directly to your inbox, sign up for the Nightcap newsletter. TaylorLorenz jonsarlin Well if Taylor Lorenz says it, then it must be important and true……… TaylorLorenz jonsarlin SahandNourMohammadZadeh has been on hunger strike for five days protesting the decision of the Islamic Republic to kill him. Sahand has been sentenced to death for setting a trash can on fire, and his precious life is in danger. Be his voice!!! StopExecutionInIran e TaylorLorenz jonsarlin She is right about every platform needing to be reined in as far as all of their data mining policies. However saying that it’s just speculation that TikTok is worse, is very wrong.
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Mortgage rates drop for fifth week in a row | CNN BusinessThe 30-year fixed-rate mortgage averaged 6.31% in the week ending December 15, down from 6.33% the week before. امطار_الكويت It was 3.25 not long ago lol But thanks Joe! WHAT ABOUT THE BLOATED PRICES OF THE HOMES THEMSELVES ? DEVELOPERS AND BANKS ARE GOUGING ANYONE WHO THINKS THEY WANT TO OWN A HOME, JUST BECAUSE THEY CAN.
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