What the Fed rate cut means for mortgage interest rates - CBS News
5 days ago · For the second time in three months, the Federal Reserve issued a cut to its federal funds rate on Thursday. Now at a range between 4.50% to 4.75%, the rate is down 75 basis points from where it ...
Here’s why mortgage rates are rising after the Fed’s rate cut
Oct 24, 2024 · The average rate on a standard, 30-year fixed mortgage was 6.54% in the week ending October 24, according to a survey of lenders by Freddie Mac released Thursday. That’s the highest level since...
Why mortgage rates are still high after a Fed cut - NBC News
3 days ago · The average 30-year mortgage rate has been above 6% for two years — and is likely to stay above that level for the foreseeable future, experts say. A combination of better-than-expected growth ...
How the Federal Reserve Affects Mortgage Rates - NerdWallet
6 days ago · The Federal Reserve influences mortgage rates, but doesn't set them. At its Sept. 18, 2024, meeting, the central bank reduced the federal funds rate by half a percentage point to a range of...
Fed Cuts Rates Again - The New York Times
5 days ago · Fed officials lowered interest rates to a range of 4.5 to 4.75 percent on Thursday, but avoided talking about politics in their post-meeting statement. They included no overt signal about what ...
The Federal Reserve cuts interest rates by a quarter point after ...
6 days ago · Here’s what that means for you. The Federal Reserve cut its benchmark rate by a quarter point, or 25 basis points, at the end of its two-day meeting. Economic anxiety was a prevailing mood ...
The Federal Reserve cuts interest rates as Trump's 2nd term …
5 days ago · The Fed's rate-setting committee lowered its benchmark interest rate to a range between 4.5% and 4.75%, as policymakers respond to easing inflation and signs of a slowdown in the job market.
30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
Sep 19, 2024 · Mortgage rates dropped again this week, extending a monthslong decline fueled by expectations of a cut in interest rates by the Federal Reserve, which came into fruition on Wednesday.
The Federal Reserve made a rate cut decision today. Here's ... - CBS News
5 days ago · Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...
Fed cuts key interest rate a quarter-point but signals ... - NBC News
5 days ago · The Federal Reserve announced Thursday it was lowering its key interest rate by a quarter-point — a widely expected move that coincides with inflation approaching the central bank's 2% goal.