Fed is expected to cut rates
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Mortgage rates just hit their lowest point since 2022, which means there are a few moves buyers should make now.
The highest money market account rate available today is 4.35% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates As of today,
The Federal Reserve announced a new interest rate cut on Wednesday, September 17- the first cut since December 2024. The cut brings the interest rate down between 4.00% to 4.25%, marking its lowest level since 2022.
Homeowners with larger loans jumped first, as the average loan size on refinances reached its highest level in the 35-year history of the Mortgage Bankers Association survey.