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.
"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.
A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank ...
Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: The slide comes after Powell signaled the Fed is ...
At least for now. Trump, who appointed Powell as Fed chair, weighed firing him in a disagreement over interest rates in ...
Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to ...
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
The Federal Reserve cut interest rates by a quarter of a percent as inflation begins the path to stabilization.
Despite the increase in rates, some home buyers were returning to the market, according to the Mortgage Bankers Association.
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
Though the Federal Reserve has been cutting interest rates, mortgage rates have been increasing or holding steady. When will ...
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Kansas City Fed's Schmid says 'remains to be seen' how much further interest rates fallSchmid said the Fed's decision last week to cut interest rates by 25 basis points reflected their confidence that both ...
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