Jeepin With Jason

The Fed cut was largely baked into mortgage rates, meaning little short-term impact.

However, mortgage rates have remained close to their lowest level in more than a year, potentially unlocking affordability for homebuyers on the edge of being able to purchase a home.

Not paying your credit card bills on time can affect your finances and residents in some states are having to manage this expense more compared to others, a new report details. Link to story in the comments.

RATE CUT 2.0: Fed policymakers voted to lower the benchmark federal funds rate by 25 basis points to a new range of 3.75% to 4%.

It is the second cut this year as the Fed moves to help prop up a sluggish job market.

Fantastic news! That means it’s getting to be refi season! Refinancing loans from the last 2 years when you were told to ! Now it’s time to break up with the rate!

If rates keep dropping, what’s the % that would make you pull the trigger: 5’s, low 6’s, or still waiting?

The average rate on 30-year fixed home loans declined to 6.19% for the week ending Oct. 23, down from 6.27% the week before, according to Freddie Mac. Rates averaged 6.54% during the same period in 2024.

Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July, according to the U.S. Census. CNBC's Diana Olick has the details. cnb.cx/3IBAQXJ

The Federal Reserve on Wednesday cut the benchmark overnight lending rate by 0.25%, or 25 basis points, putting the benchmark rate in the range of 4.00% to 4.25%. In its statement, the Fed acknowledged slight increases in the unemployment rate and a “shift” in the balance of risks in labor and inflation. Read more: cnb.cx/4mnkpw2