There are compelling reasons why homeowners may want to lock in a home equity loan rate this June. Here are three.

An increase in the number of U.S. jobs that was higher than expected makes it unlikely that the Federal Reserve will cut interest rates soon.

The Fed’s caution is likely to put it on a collision course with Mr. Trump, who has repeatedly urged the central bank to cut interest rates. He did so again on social media on Friday, calling Jerome H. Powell, the Fed chair, “a disaster” and suggesting policymakers should cut rates by a full percentage point.

Russia’s central bank cut its key interest by a full percentage point on Friday to 20 per cent, its first cut since 2022, as Vladimir Putin’s war economy cools.

The European Central Bank on Thursday cut its main interest rate again, citing falling inflation.

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Despite concerns over a potential recession and pressure from the White House, the Fed won't lower interest rates this summer.

Jessica Lautz, NAR's deputy chief economist, said in a recent statement that homebuyers should stop focusing so much on mortgage rates: "Regardless the reason, homebuyers waiting on the sidelines for rates to drop will likely be waiting a long time."