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.
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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 ...
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In the post-pandemic era, home equity loan rates and home equity line of credit (HELOC) rates rose as the Federal Reserve ...
Follow news from today's Fed meeting where the FOMC is expected to cut interest rates and chair Jerome Powell will speak.
Chancellor Rachel Reeves welcomes the cut, but says she is "under no illusion about the scale of the challenge facing ...
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