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.
Latest Posts
Wells Fargo and Wachovia Merger Complete
Jan 02, 2009Wells Fargo & Co. [stock WFC][/stock] announced Thursday the completion of its merger with Wachovia Corp., resulting in a monstrous distribution system for financial services with 1.4 trillion in assets and 11,000 stores nationwide servicing 48 million banking households and employing 276,000 employees.
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Mortgage Banker Looks to Hire Amid Refi Surge
Dec 31, 2008 -
Fed to Begin Purchasing Agency MBS in January
Dec 31, 2008 -
For GMAC, ResCap, a Merry Christmas; But a Happy New Year?
Dec 29, 2008 -
Mortgage REIT Insider: Rally Fades to Reality
Dec 19, 2008 -
Paulson Denies Rumored 4.5 % Mortgage Rate Plan
Dec 17, 2008 -
Refinance Popularity Drives Up Mortgage Apps, But Will It Last?
Dec 17, 2008 -
Fed Slashes Official Interest Rates, Targets Zero to 0.25%
Dec 16, 2008 -
The Close Before Christmas
Dec 11, 2008
