Core Insights - Mortgage rates have increased, with the 30-year fixed mortgage rate rising to 6.12% and the 15-year fixed rate to 5.63% due to a 3% rise in 10-year Treasury yields over the past week [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.12% - 20-year fixed: 5.91% - 15-year fixed: 5.63% - 5/1 ARM: 6.50% - 7/1 ARM: 6.47% - 30-year VA: 5.64% - 15-year VA: 5.26% - 5/1 VA: 5.60% [5] Refinance Rates - The current national average refinance rates are generally higher than purchase rates, with the 30-year fixed refinance rate at 6.24% [16] Economic Outlook - Economists do not anticipate significant drops in mortgage rates before the end of 2025, with potential rate cuts from the Federal Reserve being uncertain [13][17] - The Federal Reserve has made rate cuts in 2025, with a 65% chance of another quarter-point cut predicted for the next meeting in December [14] Mortgage Payment Comparisons - A $400,000 mortgage at a 30-year term with a 6.12% rate results in a monthly payment of approximately $2,429, leading to $474,494 in interest over the term - Conversely, a $400,000 15-year mortgage at a 5.63% rate results in a monthly payment of about $3,296, totaling $193,279 in interest [8]

Group 1 - Dow futures experienced a slight dip on Wednesday morning as traders awaited producer price inflation data [1] - The PPI report is causing anxiety on Wall Street, particularly after major indexes recently reached record highs [1]

The US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar, in a landmark win for the ascendant crypto industry and President Donald Trump. The 68-30 vote on Tuesday evening marked a rare moment of bipartisanship in the deeply divided Senate, despite Republicans blocking Democratic efforts to bar Trump from profiting from his many crypto ventures while in office. The Opening Trade has everything you need to know as markets open across Europe. With analy ...

Joining us this morning, Fidelity Investments director of Global Macro, Yuri Timmer, with us, who I'm sure has been listening in. Yurian, it's good to see you. Of the dual threats that we were just discussing, uh, do you think there's that one is more pronounced than the other.Um, I think they're fairly imbalanced right now. And again, this is the really the first time in decades that the Fed has had to really think about both mandates, right. for the last 15 years or so whenever there was a shock to growth ...