The Fed Just Cut Rates Again, but Mortgage Rates Keep On Rising
Earlier on Thursday, mortgage rates rose again for the sixth consecutive week, hitting a four-month high of 6.79%, according to Freddie Mac. The Fed's latest rate cut, which was universally expected and thus fully priced in to bond markets, is unlikely to bring relief to mortgage rates in the near term.
USA TODAY on MSN2d
Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slowAfter a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Follow news from today's Fed meeting where the FOMC is expected to cut interest rates and chair Jerome Powell will speak.
CBS News on MSN3d
The Federal Reserve made a rate cut decision today. Here's the impact on your money.The Federal Reserve on Thursday made its second rate cut of this year, with the decision coming less than two months ...
Daily short, intense workouts can be your best bet to fight disease and improve longevity. In today's big story, the Fed ...
Find out how the Federal Reserve’s decision will impact all aspects of borrowing and spending ...
Many Americans have been holding back from jumping into the housing market in the hopes that mortgage rates will decline. So ...
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It ...
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