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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Mortgage Liabilities Shrink as Borrowers Pay Down Debt
Dec 11, 2008Household debt shrank at an annual rate of -0.8 percent for the third quarter 2008, compared with the 0.6 percent annual growth in household debt seen just one quarter before. Federal debt, however, attempting to counter the failing financial market and bleeding job market, spiked over last year in the third quarter. It had only seen a moderate 5.9 percent yearly growth the previous quarter, the Federal Reserve announced Thursday in its quarterly statistical release.
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November Job Loss Drives Down Bond Yields, Fixed Mortgage Rates
Dec 11, 2008 -
GMAC, ResCap Running Out of Time
Dec 11, 2008 -
Firm Cries Foul on Credit Reporting, Mortgage Loans
Dec 08, 2008 -
Mortgage REIT Insider: Agencies Ascending
Dec 07, 2008 -
Bernanke: Housing Recovery Requires Taxpayer Dollars
Dec 05, 2008 -
Mortgage Rates Dive After Fed Announced MBS Purchase Plan
Dec 04, 2008 -
Capital One to Buy Chevy Chase Bank for $520 Million
Dec 04, 2008 -
Treasury Weighs 4.5 Percent Mortgages, But Who Will Buy?
Dec 04, 2008 -
GAO on TARP: Critical Gaps Need Mending
Dec 03, 2008 -
Apps Soar as Mortgage Rates Decline, But Questions Remain
Dec 03, 2008 -
Viewpoint: Add Rubin to the Who-Knew-Crew
Dec 01, 2008
