We finally got a rate cut. Here’s what history says will happen next
WEB9 hours ago · For instance, a year after the Fed cut rates in July 1995, the unemployment rate was unchanged at 5.5%. And the unemployment rate was actually lower in September 1999 compared to September 1998 ...
Fed cuts interest rates by 50 basis points - USA TODAY
WEB5 days ago · After today’s meeting, the Federal Reserve has two more opportunities to consider interest rate moves in 2024. The remaining Fed meetings planned for 2024 are scheduled for Nov. 6-7 and Dec. 17 ...
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB5 days ago · The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. The half-point move ...
Here's how far mortgage rates could drop before the end of 2024
WEB9 hours ago · Josh Green, a mortgage loan officer at Barrett Financial Group, is bullish on rate cuts. "If we're talking about a conventional 30-year fixed with 25% down and a 740 credit score, I'd say we'll ...
America’s home affordability crisis has a solution. Lower rates isn’t ...
WEB14 hours ago · Mortgage rates have already begun to fall in anticipation of the Fed’s rate-cutting cycle. The standard 30-year fixed-rate mortgage averaged 6.09% in the week ended September 19, according to ...
The Fed Makes a Large Rate Cut and Forecasts More to Come
WEB6 days ago · Fed officials predicted that they would cut interest rates to 4.4 percent by the end of the year — much lower than the 5.1 percent they had been expecting in June, when they last released ...
Fed Cuts Interest Rates For First Time In 4 Years: Here’s ... - Forbes
WEB5 days ago · The Fed forecasts a long-term federal funds rate of 2.9%, higher than rates ever were from March 2008 to Sept. 2022, a far ways from the near-zero rates set from Dec. 2008 to Dec. 2015 and March ...
Key takeaways from the Fed’s latest interest rate decision
WEBJun 12, 2024 · The Fed has kept interest rates at a 23-year high for nearly a year, after kicking off an aggressive rate-hiking campaign in March 2022. Central bankers are waiting for more evidence that...
What's the mortgage interest rate forecast for October 2024?
WEB9 hours ago · The average interest rate on 30-year mortgages fell from 6.72% at the start of August to the 6.15% average it sits at today. "The market already priced it in," says Kevin Leibowitz, a mortgage ...
Mortgage Rate News - Bankrate
WEB1 day ago · Today's average rate for the benchmark 30-year fixed mortgage is 6.16, the average 15-year fixed-mortgage rate is 5.38 percent, and the average rate on a 5/1 adjustable rate mortgage is 5.83...
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