Fed Isn't Rushing to Lower Interest Rates
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The average rate on 30-year fixed home loans increased to 6.75% for the week ending July 17, up from 6.72% last week.
The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s Tariffs. Vivian Gueler, CFO of Pacific Trust Group, spoke about mortgage rate expectations for the coming year.
The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto loans.
Missing a mortgage payment can have detrimental consequences such as foreclosure. In addition, this can also affect your credit score.
Mortgage rates are still fluctuating in 2025 as the Fed holds steady, for now. Learn how interest rate changes affect your monthly payments and what buyers should watch for this year.
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