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Most recently updated firstOct21
Mortgage Rates: One Week Below 6 Percent, Then Back Above 7
The average 30-year fixed mortgage rate first moved above 7 percent in January 2025 as the 10-year Treasury yield rose, then fell below 6 percent for one week in February 2026. That lower-rate window triggered a refinancing surge, but it closed quickly as higher oil prices, inflation data and rising Treasury yields pushed borrowing costs back up.
Oct16
The Fed's Rate Path: From the 2024 Cuts to Warsh's First Meetings
The Fed began easing in September 2024, cutting the federal-funds target range from 5.25%-5.50% to 3.50%-3.75% by December 2025 after a nine-month pause earlier that year. Under Jerome Powell, disagreements first centered on whether to cut faster; after Kevin Warsh became chair in May 2026, inflation and energy-price pressures shifted the debate toward whether to tighten.
