When recession headlines pick up, many homebuyers and homeowners start asking the same question: do mortgage rates go up or down in a recession? The short answer is that mortgage rates often move lower during or leading into a recession, but that does not
Interest rates don’t move randomly—and they don’t exist in a vacuum. Behind the scenes, the Federal Reserve plays a central role in shaping the cost of borrowing across the economy, including mortgage rates. Understanding how this works
The world of home buying is a battlefield, and interest rates are your fiercest adversary. Every percentage point can mean thousands of dollars more or less in your pocket. If you're not paying attention to interest rates, you're setting yourself up for d
Is your current mortgage rate still working for you? If you're paying more than necessary, now might be a good time to consider refinancing. Even a small drop in your interest rate can make a noticeable difference in your monthly payments — and your
What Does the Federal Reserve Do? Before addressing the hot-button question of why mortgage rates are pegged to the rate set by the Fed, it’s necessary to get a clear understanding of what the Fed actually does. Congress has given the Fed w
Is Now the Right Time to Buy a Home? Buying a home today can feel uncertain. On one hand, finding the right property is exciting. On the other, high interest rates can make you second-guess your timing. So, should you buy now or wait? The answer depends o