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
Mortgage Rates Reach Seven-Week High
Jan 04, 2007Mortgage rates moved slightly higher on a week highlighted by better-than-anticipated home sales figures. The average 30-year fixed rate mortgage is now 6.24 percent, the highest since Nov. 15. According to Bankrate.com’s weekly national survey of large lenders, the 30-year fixed rate mortgages had an average of 0.27 discount and origination points.
-
ARM Share Declines During 2006, Teaser Discounts Highest in Eight Years
Jan 03, 2007 -
What, Fed Worry?
Jan 03, 2007 -
Consumer Spending Drives Up Mortgage Rates
Dec 28, 2006 -
Fed Updates Handbook on Adjustable Rate Mortgages, Warns of New Risks
Dec 27, 2006 -
Wells: Housing Won’t Slow US Economy in 2007
Dec 21, 2006 -
Mortgage Rates Climb for Second Consecutive Week
Dec 21, 2006 -
GSEs Required to Follow Nontraditional Mortgage Risk Guidance
Dec 15, 2006 -
Economic News Lifts Mortgage Rates
Dec 14, 2006
