Mortgage Fixed Rates Inch Up

Mortgage and refinance interest rates today, August 16, 2025: Fixed rates inch up

Snippet of Article: "...Mortgage rates have been inching down recently, but they're up again today. According to Zillow data, the 30-year fixed mortgage rate has increased by five basis points to 6.52% while the 15-year fixed rate moved up seven basis points to 5.70%.

The CME FedWatch tool reports an 85% chance that the federal funds rate will be cut in September. ..."

Source: finance.yahoo.com

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Fed Watch | Jerome Powell Criminally Referred For Alleged Perjury About $2.5 Billion Building Renovation

Jerome Powell Criminally Referred For Alleged Perjury About $2.5 Billion Building Renovation

Snippet of Article: "...“The Fed’s renovation project was approved by its board in 2017 and originally cost $1.9 billion in 2019. Construction began in 2021, but the cost swelled to $2.5 billion because of “unforeseen conditions” requiring more spending to rectify, such as “more asbestos than anticipated, toxic contamination in soil, and a higher-than-expected water table,” according to the Fed’s website,” CNN reported. President Trump earlier this week said Jerome Powell’s renovation scandal may be enough to fire him as the Fed Chair. ..."

Source: www.thegatewaypundit.com

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