mortage Archives - Elite Only Magazine

Housing will ‘be a problem,’ Fed chair warns after rate cut

By Elite Contributors
December 13, 2025

A divided Fed worried about inflation and the softening jobs market cut short-term interest rates by 25 basis points on Dec. 10 — the third such cut this year. Key points: After announcing its third consecutive rate cut on Dec. 10, a divided Federal Reserve indicated that short-term…

Average US long-term mortgage rate ticks up to 6.22%, but remains close to its low for the year

By Elite Contributors
December 13, 2025

The average rate on a 30-year U.S. mortgage edged higher this week, though it remains relatively near its low point so far this year. The uptick brings the average long-term mortgage rate to 6.22% from 6.19% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the…

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Housing will ‘be a problem,’ Fed chair warns after rate cut

Average US long-term mortgage rate ticks up to 6.22%, but remains close to its low for the year

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