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Federal Reserve

The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.

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5 Tips for Shopping for a Mortgage…A Little Late 

Jul 31, 2009By

In order to help consumers make wise home buying decisions and save the housing market from collapse, the Federal Reserve Board released its “5 Tips for Shopping for a Mortgage.” On Wednesday. It’s kind of like installing the fire extinguisher when your house is a smoldering pile of rubble. And, yes, the pun is intended. So without further ado, the Five Tips for Shopping for a Mortgage We All Should Have Paid Attention To A Few Years Ago. One: Know what you can afford. What? You mean I can’t afford a $500,000 town home on a waiter’s salary?

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