The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising

Olivier Douliery/AFP/Getty ImagesThe Federal Reserve has issued another cut to its benchmark interest rate, but unfortunately for homebuyers, it won’t translate to lower mortgage rates in the short term.As expected, the Fed cut its policy rate by a quarter-point on Thursday, to a new target range of

Fed cuts interest rates by 25 bps, but Trump’s victory sows doubts on future moves

One day after Donald Trump’s victory in the U.S. presidential election, officials at the Federal Reserve announced their decision to cut the benchmark interest rate by 25 basis points to a target range of 4.5% to 4.75%, a move that aligned with market expectations. The reduction, made public on Thur

Home prices are rising in 87% of metro areas, but growth is slowing

Home prices continue to rise, but they’re rising in slightly fewer areas of the country.Data released Thursday by the National Association of Realtors (NAR) shows that during the third quarter of 2024, home prices grew in 87% of the 226 metropolitan areas analyzed. That share is down from 89% in the

Richard Gere Sells Connecticut Home He Bought From Paul Simon for $10.75 Million—After Revealing Plans To Move to Spain

Getty Images/Realtor.com“Pretty Woman” star Richard Gere has sold the Connecticut estate he purchased from musician Paul Simon for $10.75 million, just a few months after he voiced his desire to leave the U.S. and pursue a life in Spain.The 75-year-old actor bought the six-bedroom, 11-bathroom New C