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.
In December 2022, the Federal Reserve announced the seventh consecutive increase to the federal funds rate and indicated it intented to continue raising interest rates going forward. The ...
Interest rates are expected to rise as the Fed normalizes the yield curve. Read why this shift away from low rates will ...
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It ...
The rate of inflation has slowly sharply from a few years ago and prices are now rising just a little over 2% a year ...
The view is if prices start to rise, the Fed could eventually be forced to raise interest rates, which would mean ...
Another Fed rate hike is here — should you keep switching savings accounts to chase a higher return?
On Wednesday, the Federal Reserve announced another rate increase ... For everyday consumers, the rate raise means the continuation of a familiar story: It's becoming even more expensive to ...
The Associated Press on MSN8d
Federal Reserve is set to cut rates again while facing a hazy post-election outlookHigh borrowing rates typically restrict growth, particularly in interest-rate-sensitive sectors such ... higher next ...
Meanwhile, Wednesday morning, the Mortgage Bankers Association reported that the average interest ... week after the Fed cut rates by 50 basis points, mortgage rates have been rising.
Here’s a look at the president’s role in interest rate decisions, and what it means for your bank account when the powers that be choose to raise or lower rates. The Federal Reserve doesn’t ...
Federal Reserve Chair Jerome Powell said Thursday it is too soon to be certain that the bank won’t need to raise interest ...
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