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Fed's Powell Says No Need to Hurry Rate Cuts
Fed Chair Powell delivers blunt take on interest rates
Related: Despite interest rate cuts, mortgage rates rise for home buyers So it's happened this week. Both the Consumer Price Index and Producer Price Index reports showed small increases when many investors and economic experts were expecting flat results or declines.
What the Latest Fed Rate Cut Means for Mortgage Interest Rates
When the Federal Reserve lowered its benchmark interest rate by half a percentage point in September, it wasn't a particularly surprising move. At that point, the Fed was expected to make its first rate cut of the year in response to cooling inflation.
Powell Says Fed Doesn't Need To Be In A Hurry To Lower Rates
Following the Federal Reserve's decision to lower interest rates by a quarter point last week, Fed Chair Jerome Powell said in
2% Mortgage Rates Are a Thing of the Past
Mortgage Rates Hold Near 7%
Mortgage rates held near 7%. The average rate on the standard 30-year fixed mortgage edged lower to 6.78%, according to a survey of lenders released Thursday by the mortgage-finance firm Freddie Mac.
Today’s 30-year mortgage interest rates rise to 6.99% while 15-year terms stay at 6.25%
The median interest rate on a 30-year fixed-rate mortgage is 6.99% as of November 14, which is 0.11 percentage points higher than yesterday. Additionally, the median interest rate on a 15-year fixed-rate mortgage is 6.25%, which is unchanged from yesterday.
Why 2% Mortgage Rates Are a Thing of the Past
It's easy to hold up sub-3% mortgage rates as the gold standard. Four years ago, the average rate for a 30-year fixed mortgage was 2.65%. Bargain mortgage rates made it cheaper to purchase a house and refinance a mortgage,
11h
on MSN
Why credit card rates remain high, even after interest rate cuts
Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...
16h
Refinance Rates Hold Roughly Steady for Most Loan Types
Wednesday, but overall, refinance rates were essentially flat. Jumbo refinance loans were among those seeing a modest decline ...
CBS News on MSN
1d
Inflation's up again. Here's what it could mean for mortgage interest rates.
This uptick underscores the challenges facing the Federal Reserve, which began easing interest
rates
in September in ...
12h
Suicide rates among active duty troops, spouses and dependents have increased since 2011
Active duty suicide rates have increased since 2011 and remained "stable" in the reserve units, an annual Pentagon report ...
4h
on MSN
South African Reserve Bank to cut rates 25bps to 7.75% on Nov. 21 - Reuters poll
The South African Reserve Bank will cut its repo rate next week as slowing inflation continues to make way for a series of ...
6h
DoD releases 2023 annual report on suicide rates in the military and prevention efforts
The Department of Defense has released the 2023 DoD Annual Report on Suicide in the Military (ARSM), which shows that ...
20h
on MSN
High rates of preterm birth and infant deaths get the US another D+ grade: ‘It’s a travesty’
Being rushed to a hospital nearly two hours away, in the middle of a dangerous spring storm – with fear in her heart and ...
1d
One of the Most Popular College Majors Has One of Highest Rates of Depression
One of the most popular college majors saw some of the highest growing rates of depression, according to a recent survey from ...
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