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However, the Fed trimmed the federal funds rate by 50 basis points at its Sept. 18, 2024 meeting, marking the first rate change since July 2023 and the first cut since March 2020. The downward trajectory of this benchmark rate means that mortgage rates are more likely to slide for the remainder of 2024 and into 2025.
33 minutes ago
31 minutes ago · The expected September cut had already been priced into average mortgage rates, which have fallen more than 150 basis points since the peak of 7.79% in October ...
4 minutes ago · The Fed took an unusual – but not entirely unexpected – step, cutting interest rates by 50 basis points (bps), rather than the usual 25, and is on track to ...
42 minutes ago · The fixed rate for a 15-year mortgage is 5.25%, up 9 basis points from last week's average 5.16%. These figures are lower than a year ago, when rates averaged ...
3 minutes ago · As of Oct. 3, a 15-year fixed rate was 5.25 percent, down from 6.78 percent a year ago. Story continues below advertisement.
21 minutes ago · View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing ...
28 minutes ago · Real Estate · Weekly mortgage demand surges 14% higher as interest rates hit two-year low. Wed, Sep 18th 2024. The Exchange · Rate cut is already baked into ...
47 minutes ago · Interest rates must fall gradually and stay higher over the long run to treat stubborn inflation, the Bank of England's chief economist said, ...
34 minutes ago · The Federal Reserve's recent decision to lower interest rates by 50 basis points has reverberated through financial markets, prompting a careful analysis of its ...
16 minutes ago · Markets are pricing in a 33% chance of the Fed cutting interest rates in November by 50 basis points (bps), down from 49% last week, the CME FedWatch tool ...