US Mortgage Rates Stabilize Amid Economic Uncertainty
TL;DR
Mortgage rates remained stable this week, with the average 30-year rate at 6.78%, as markets adjusted to Donald Trump's second term. Despite a recent Federal Reserve rate cut, mortgage rates were largely unaffected, as they are more influenced by future Fed expectations. The housing market saw a slight increase in home purchase applications, driven by FHA and VA loans, while refinancing applications continued to decline.
Topics:top-newsfinance#federal-reserve#finance#housing-market#interest-rates#mortgage-rates#trump-presidency
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