mortgage affordability change

Fed holds interest rates steady: Here's what that means for credit cards, mortgages, car loans and savings rates — Photo by w

Surprise Your Wallet - Interest Rates Keep First‑Time Mortgages Steady

A 0.25% pause in the Fed’s policy can translate into a $15,000 swing in monthly payments for first-time homebuyers, keeping mortgage costs steady. With the Federal Reserve holding rates at 3.5%-3.75%, borrowers now have a clearer path to lock in rates that protect their