Federal Reserve
The Federal Reserve started a rate-cutting cycle on Sept. 18, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut is the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. However, mortgage rates rose following the Fed’s first cut, suggesting that the bond market had already factored in this anticipated action.
Latest Posts
Mortgage rates above 7% are clouding the housing market outlook
Jan 07, 2025The Fed has implemented a total of 100 bps in cuts over its past three meetings, but mortgage rates have not moved in tandem. The 30-year fixed rate, for instance, has jumped by 78 bps since the rate-cutting cycle began in mid-September.
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Michael S. Barr will step down as Fed vice chair
Jan 06, 2025 -
Jobless claims keep mortgage rates elevated
Jan 02, 2025 -
The biggest mortgage rate stories of 2024
Dec 30, 2024 -
Housing market data positive despite Powell’s Grinch act
Dec 21, 2024 -
Powell’s remarks shoot mortgage rates higher
Dec 18, 2024 -
Fed cuts rates by 25 bps, signals a slower pace ahead
Dec 18, 2024 -
The Federal Reserve’s housing recession dilemma
Dec 18, 2024 -
Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble
Dec 17, 2024 -
Veterans United foresees 2025 housing market recovery, with a few caveats
Dec 13, 2024 -
HUD takes a closer look at senior finances, housing affordability pain points
Dec 11, 2024 -
Mortgage rates cool again ahead of the Fed’s December meeting
Dec 10, 2024
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