Why Americans still can’t get cheaper mortgages, car loans or card balances after three Fed rate cuts
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the ...
Fed Pauses Interest Rate Cuts—Signaling 'Patient Approach' and Giving Homebuyers Consistency Leading Into Spring Selling Season
The Fed sets short-term interest rates, but does not directly control mortgage rates, which tend to move in tandem with the yields on long-term bonds. Those long-term rates are dependent on investor ...
What the Fed’s Rate Policy Means for Your Finances
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
30-Year Mortgage Rates Fall Again, Reaching a 6-Week Low
In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.
Mortgage rates went down again. Here’s what that means for you.
The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.
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How the Federal Reserve rate decision affects mortgage rates
Those rates determine how much Americans earn on their savings and how much they pay to borrow — including when buying a home. Now, the Fed doesn’t say, “Here are the mortgage rates for ...
Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%
The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little ...
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The Fed Didn't Budge on Interest Rates. Here's Why That's a Big Deal
Generally, when inflation is high and the economy is in overdrive, the Fed tries to pump the brakes by setting higher ...