What a Fed rate hike could mean for mortgage rates (and what borrowers need to do now)

Planning to buy a home soon? The Fed's next move could change the mortgage rate outlook for borrowers.

Mortgage rates reach ~7%, expected to stay near current level over next year

Mortgage rates continued to rise during the Federal Open Market Committee decision week, and are expected to stay near the current level over the next year. 30-year fixed-rate mortgages averaged 6.95% as of September 17,

Current Virginia Mortgage And Refinance Rates

Understanding mortgage and refinance rates is key when navigating the Virginia housing market. These rates aren’t set in stone, though. They fluctuate based on factors like 10-year Treasury yields, economic conditions,

With Mortgage Rates Above 7%, an ARM Could Cut Your Monthly Payment by $220—But Is It Worth the Risk?

ARMs are drawing fresh interest as fixed mortgage rates stay high, but borrowers need to understand how much payments could rise once the initial rate expires.

What a Fed rate hike means for credit card debt, car loans and savers

Borrowers can expect to see higher APRs on their credit cards at a time when more are relying on lent money to make ends meet.
Washington Post

The Latest: Federal Reserve defies Trump, hikes key interest rate for first time in 3 years

The Federal Reserve has raised its benchmark interest rate for the first time since 2023 to address high inflation

Fed raises interest rates as inflation concerns weigh on voters

Cato Institute vice president of general economics Scott Lincicome analyzes the Federal Reserve interest rate hike and the economic outlook ahead of midterm elections.