"American people want to borrow money cheaply, and they should be able to do that, but unfortunately, we have interest rates that are still too high," White House Press Secretary Karoline Leavitt sai...

The Supreme Court said in May that it could block any attempts by the White House to dismiss Powell, noting as part of a separate ruling that the Fed “is a uniquely structured, quasi-private entity.”...

For the vast majority of homeowners, there's currently little financial incentive to refinance their mortgages. So far in 2025, average mortgage rates have remained elevated, consistently hovering between 6.

Rates for 30-year refinance mortgages have risen three of the last four days, for a total increase of 8 basis points and a new average of 7.03%.