Mortgage Rates Rise, Rate Cut Looms
This is a news story, published by CNET, that relates primarily to Fed news.
News about interest rates
For more interest rates news, you can click here:
more interest rates newsCNET news
For more news from CNET, you can click here:
more news from CNETAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about interest rates, you might also like this article about
Recent mortgage rate trends. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest mortgage rates news, mortgage rate movement news, news about interest rates, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
average mortgage ratesCNET
•Lower Mortgage Rates Bring More Buyers Off Sidelines. Today's Mortgage Rates, Aug. 16, 2024
82% Informative
The average interest rate for a standard 30-year fixed mortgage is 6.56% today , up 0.06% since one week ago .
The Fed is set to make its first interest rate cut in September .
With inflation at its lowest level since spring 2021 and the labor market cooling, the Fed will likely lower rates at its September meeting.
Though mortgage rates and home prices are high, the housing market won’t be unaffordable forever.
It’s always a good time to save for a down payment and improve your credit score to help you secure a competitive mortgage rate.
Getting a mortgage should always depend on your financial situation and long-term goals.
VR Score
87
Informative language
88
Neutral language
47
Article tone
informal
Language
English
Language complexity
35
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
2
Source diversity
2
Affiliate links
no affiliate links