It wasn't that long ago when the average mortgage interest rate was comfortably over 7%. In August 2023, for example, the average rate on a conventional 30-year term was 7.31%, marking the highest ...

The sun is beginning to shine again on the interest rate environment after the Federal Reserve raised the federal funds rate 11 times between March 2022 and July 2023 to curb inflation, which caused ...

NEW YORK (Reuters) - Ahead of the U.S. presidential election next week, investors in interest rate options are putting on trades that will pay off if rates remain elevated, suggesting that the market ...

A float-down option allows you to lower your mortgage rate if prevailing interest rates drop during your lock period. Locking your rate with a float-down option is usually more expensive than a ...

NEW YORK, Jan 10 (Reuters) - Investors in the futures options market are betting the benchmark U.S. 10-year Treasury yield is headed higher to 5% in the near term, reflecting worries that the incoming ...

NEW YORK, April 29 (Reuters) - Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a quarter percentage point ...

Locking in a mortgage rate can protect you from fluctuating costs during the closing process, especially if interest rates are on the rise. But if rates drop after you’ve locked, you could be stuck ...