DeFi Daily News
Monday, May 12, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Personal Finance

rewrite this title Weekly Mortgage Rates Rise; Fed Votes to Freeze Rates – NerdWallet

Taylor Getler by Taylor Getler
March 20, 2025
in Personal Finance
0 0
0
rewrite this title Weekly Mortgage Rates Rise; Fed Votes to Freeze Rates – NerdWallet
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Mortgage rates rose this week as lenders steel themselves against a foggy economic future.

The Federal Reserve predictably voted to hold the federal funds rate steady during central bankers’ March 19 meeting and spoke of a need for more solid data before making policy shifts. Mortgage lenders, on the other hand, can be more reactionary when it comes to setting their own mortgage rates.

The 30-year fixed-rate mortgage rate averaged 6.8% in the week ending March 20, up 18 basis points from the previous week. A basis point is one one-hundredth of a percentage point.

The Fed’s decision holds no surprises

In the hours leading up to the Federal Open Market Committee release, Federal Reserve watchers were nearly unanimous in their expectation that the Fed would vote to leave the federal funds rate unchanged at 4.25%-4.5%.

Chairman Powell opened the post-meeting press conference by affirming the relative strength of the economy, stating that it’s made “significant progress” toward the Fed’s goals over the past two years, both in terms of inflation and the labor market.

Explore mortgages today and get started on your homeownership goals

Get personalized rates. Your lender matches are just a few questions away.

What’s your property type?

Select your optionSingle family homeTownhouseCondoMulti-family home
How do you plan to use this property?

Select your optionPrimary residenceSecondary residenceInvestment property

Get Started

Won’t affect your credit score

Powell exercises caution, but nods to rising inflation

Powell acknowledged uncertainty about the potential impact of President Trump’s monetary agenda, with the big four areas to watch being tariffs, immigration, and fiscal and regulatory policy.

“While there have been recent developments in some of these areas, especially trade policy, uncertainty around the changes and their effects on the economic outlook is high,” Powell said.

Powell also underscored that the Fed does not feel the need to rush to react before further data comes in. However, Powell did speak to rising inflation, which he attributed “partly in response to tariffs.”

As for what this means for the Fed’s inflation goals, Powell said that there “may be a delay in further progress over the course of this next year.”

Powell also described recent survey data that showed both households and businesses expressing a “significant” rise in uncertainty and concerns about the future of the economy, though central bankers are more inclined to base their decision-making on hard economic data than consumer sentiment.

Most central bankers noted in their projections that the federal funds rate should fall below 4% this year, and could hover around 3% by 2027 — the same year they expect inflation to hit their goal rate of 2%.

Interpreting home builder attitudes

Today’s home buyers face two major foes in their journey to homeownership: affordability and lack of available inventory. There haven’t been enough houses to go around, and both high interest rates and rising costs have priced some would-be buyers out of the market.

The first problem has a natural solution: build more houses. That’s growing more expensive as new tariffs drive up the cost of lumber and other building materials, and builders are only incentivized to apply for permits if they feel reasonably confident that these new homes will sell.

Data released on March 18 shows that new home construction permits fell 6.8% last month compared to February 2024.

This gives us a bleak window into the future for home shoppers. For one, we can expect fewer new homes to become available in the second half of 2025. And builders aren’t betting that borrowers will be able to afford what these new homes would cost.

So…should you buy a house now?

There seemingly hasn’t been a “great” time to buy a house since mortgage rates bounced back from once-in-a-lifetime lows of the pandemic era. Avoid getting hung up on whether or not you’re getting an amazing deal and focus instead on making the right move for your financial circumstances.

Sure, keeping up with weekly housing market trends can help you make an informed decision — but if you can find a house that works for your needs and wallet now, don’t hold out for a potential major swing.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website http://defi-daily.com and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: fedfreezemortgageNerdWalletratesrewriterisetitlevotesWeekly
ShareTweetShare
Previous Post

Please Don’t Do This

Next Post

Trump hangs Declaration of Independence in Oval Office: ‘Never been up’ before

Next Post
Trump hangs Declaration of Independence in Oval Office: ‘Never been up’ before

Trump hangs Declaration of Independence in Oval Office: 'Never been up' before

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title with good SEO Best Crypto Presales Tapping Into the Stablecoin Boom

rewrite this title with good SEO Best Crypto Presales Tapping Into the Stablecoin Boom

April 6, 2025
Setting Up OpBNB RPC Nodes: Step-by-Step Guide to Creating an opBNB Node for Free Using Moralis Web3 API

Setting Up OpBNB RPC Nodes: Step-by-Step Guide to Creating an opBNB Node for Free Using Moralis Web3 API

June 27, 2024
rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

rewrite this title Gate Dubai Secures Full VARA VASP Licence for Crypto Exchange Services

April 29, 2025
Complete Guide: Obtaining Wallet Transactions with RPC Nodes – Moralis Web3 | Advanced Web3 API Services

Complete Guide: Obtaining Wallet Transactions with RPC Nodes – Moralis Web3 | Advanced Web3 API Services

August 20, 2024
Why iPhones May Get More Expensive Amid Trump Tariffs

Why iPhones May Get More Expensive Amid Trump Tariffs

April 11, 2025
rewrite this title Mastercard Launches Stablecoin Acceptance and Payments Capabilities – Finovate

rewrite this title Mastercard Launches Stablecoin Acceptance and Payments Capabilities – Finovate

April 30, 2025
rewrite this title Ethereum Price Rally Tests Staying Power as Analysts Eye Fundamentals Over Hype – Decrypt

rewrite this title Ethereum Price Rally Tests Staying Power as Analysts Eye Fundamentals Over Hype – Decrypt

May 12, 2025
rewrite this title Coinbase makes history with S&P 500 induction, reinforcing crypto’s arrival in mainstream finance

rewrite this title Coinbase makes history with S&P 500 induction, reinforcing crypto’s arrival in mainstream finance

May 12, 2025
Talking BOOK with Crypto Arborist

Talking BOOK with Crypto Arborist

May 12, 2025
rewrite this title 5 Things To Know About the GasBuddy Card – NerdWallet

rewrite this title 5 Things To Know About the GasBuddy Card – NerdWallet

May 12, 2025
rewrite this title Photo of Caitlin Clark Flexing During Fever Game Left Fans in Awe

rewrite this title Photo of Caitlin Clark Flexing During Fever Game Left Fans in Awe

May 12, 2025
rewrite this title Google I/O 2025: How to watch all the AI and Android reveals | TechCrunch

rewrite this title Google I/O 2025: How to watch all the AI and Android reveals | TechCrunch

May 12, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.