WSJ’s Nick Timiraos reported growing divisions within the Fed over a December rate cut. Some officials cite sticky inflation and tariff effects to argue for a pause, while doves point to weak jobs and slowing demand. A government shutdown disrupting key data has widened the split. The rate remains at 3.75%–4%, with markets still slightly favoring a cut amid a rare hawk-dove standoff. https://t.co/dHfdPJkWEc ...

Brazil’s central bank said it’s more assured that keeping the interest rate at a nearly two-decade high will slow inflation as the local economy cools https://t.co/ZOvLw1TsTa ...

Australia’s consumer confidence soared in November as households turned more positive on the economy, a result that’s likely to further reduce the chances of a near-term interest-rate cut https://t.co/3dgbyNGOEp ...

In an attempt to make home buying more affordable, President Trump floated the idea of a 50-year mortgage in social media post. In response, FHFA Director Bill Py, who oversees Fanny May and Freddy Mack, posted that they are quote working on it and that it would be quote a complete gamecher. Now, the purpose of a longerterm mortgage would be to lower the monthly payment for homeowners.The longer the term of the loan, the smaller the principal needed each month to pay it off in full. Now, using the latest la ...

Welcome back. So, could a 50-year mortgage option be on the horizon. The Trump administration raising the prospect of such a loan over the weekend.Our Diana Olle joins us now with the story, Diana. So, how would this work. Well, so Sarah, in an attempt to make home buying more affordable, President Trump floated the idea of a 50-year mortgage in social media post.In response, FHFA Director Bill Py, who oversees Fanny May and Freddy Mack, posted that they are quote working on it and that it would be quote a ...

Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower.In a speech delivered for an audience of economists in New York, the central bank official and appointee of President Donald Trump said the flood of crypto tokens pegged to the dollar could tamp down what economists refer to as "r-star," or the "neutral" rate of interest that neither pushes nor impedes growth.If that happens, he said, the Fed might need to lower its ...

Various factors influence a mortgage rate, but can the difference come down to the day of the week? In fact, there are some considerations to timing your mortgage refinance, even down to the date. Learn More: Fidelity Says This Is a Surprising Risk of Holding Too Much Cash — Do You Have Too Much? Read Now: 4 Low-Risk Ways To Build Your Savings in 2025 Here are some reasons why those looking to refinance their mortgages should probably avoid closing on Fridays. It turns out the imminent weekend — and there ...

Mexico’s annual inflation slowed in line with expectations in October, just a day after the central bank delivered an 11th straight interest rate cut https://t.co/em7EoqKHwl ...

Core Insights - The current national average HELOC rate is 7.64%, which has decreased by 40 basis points since January 2025 [2] - Homeowners have over $34 trillion in home equity, marking the third-largest amount on record [2] - With mortgage rates remaining low, homeowners are likely to retain their primary mortgages and consider HELOCs as an alternative to accessing home equity [3] HELOC Rates and Trends - The average HELOC rate is currently 7.64%, based on applicants with a minimum credit score of 780 and a maximum combined loan-to-value ratio of 70% [2] - National lenders are seeing HELOC interest rates drop by 0.25% or more [1] - The prime rate has recently fallen to 7.00%, impacting HELOC rates [4] Lender Considerations - Lenders have flexibility in pricing HELOCs, which depend on credit scores, debt levels, and the credit line relative to home value [5] - Introductory offers for HELOCs may last for a limited time before becoming adjustable at higher rates [5][8] - It is advisable for borrowers to shop around and compare terms from multiple lenders [5] HELOC Functionality - A HELOC allows homeowners to access their home equity without giving up their low-rate primary mortgage [6] - Borrowers can draw from their HELOC as needed, only paying interest on the amount borrowed [9] - Monthly payments on a HELOC can vary based on the amount withdrawn and the interest rate, with a $50,000 withdrawal at 7.50% resulting in a monthly payment of about $313 during the draw period [13] Current Offers and Recommendations - FourLeaf Credit Union is currently offering a HELOC APR of 5.99% for the first 12 months on lines up to $500,000, which will convert to a variable rate afterward [8] - Homeowners with significant equity and low primary mortgage rates may find it an opportune time to take out a HELOC for various uses, including home improvements or personal expenses [12]

Poland is likely to end its ongoing series of interest rate cuts in early 2026 with the benchmark at around 3.75%, said Ludwik Kotecki, one of the biggest doves on the country’s Monetary Policy Council https://t.co/O3dxoTQPl5 ...