3 mortgage rate questions borrowers should ask after the Fed rate pause
The Federal Reserve's decision to pause rate hikes at 3.50% to 3.75% has left homebuyers and refinancers with questions about mortgage rates, which have slightly increased despite being better than in previous years. While no rate cuts are expected in May, broader economic factors like inflation and geopolitical events could still influence mortgage rates. Borrowers are advised to evaluate whether waiting for lower rates is worth potential trade-offs in home affordability or refinancing savings.
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MoneyWatch: Managing Your Money 3 mortgage rate questions borrowers should ask after the Fed rate pause We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.
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