Today's Mortgage Rates | Rates Steady Ahead of Fed Announcement [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
Next year, mortgage rates are expected to drop. But how much they fall depends on inflation and the Fed. Mortgage rates have been relatively flat so far this week, but they may experience some volatility once the Federal Reserve meeting wraps up Wednesday afternoon. Mortgage rates are expected to go down as inflation slows and the Fed lowers the federal funds rate. But it might not lower rates as much as initially anticipated in 2025, which means mortgage rates may only drop a little bit next year. The Fed is expected to lower rates by 25 basis points at this meeting. This cut has already been priced in, so it likely won't impact mortgage rates too much. But central bankers will also be releasing their updated economic projections on Wednesday, and that could push mortgage rates up or down. Right now, traders are betting that the Fed will cut rates twice in 2025, according to CME FedWatch . If that changes, mortgage rates could fluctuate in response. Current Mortgage Rates
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- Today's Mortgage Rates | The Fed Made a Cut. Mortgage Rates Went Up Anyway. [Business Insider]Business Insider
- Rocket Companies, Inc. (NYSE: RKT) had its price target lowered by analysts at Morgan Stanley from $16.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Today's Mortgage Rates | Rates Tick Up As Fed Signals Fewer Cuts in 2025 [Business Insider]Business Insider
- The Fed might make fewer cuts in 2025. What does that mean for mortgage rates? [Business Insider]Business Insider
- Buying a home probably won't get much easier in 2025, says Fannie Mae. But it's not all bad news. [Business Insider]Business Insider
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