Daily mortgage rates for August 1, 2024: Mortgage rates tick down after eighth Fed rate pause
Average mortgage rates for 30-year and 15-year terms tick down week over week as of Thursday, August 1, 2024, a day after the Federal Reserve concluded its fifth rate-setting policy meeting of the year with a decision to keep the current Fed rate unchanged, paving the way for a cut this fall. While the Fed doesn't set mortgage rates, Fed rate cuts typically influence lower borrowing rates over time on large loans like mortgages. Yesterday's decision leaves lower financing rates up in the air for... Читать дальше...