What the Fed’s slower 2025 rate cuts would mean for mortgage rates, savings, auto loans
The effects of the Fed’s half-point rate cut in September and its quarter-point cut in November have largely been passed through to auto loans, which fell on average from a peak of 7.3% in July to 6.8% last month, said Ivan Drury, director of insights for Edmunds.com.
The Fed is lowering interest rates. So why are mortgage rates going up?
The central bank has cut its benchmark interest rate three times in 2024, but mortgage rates haven't followed suit. In fact, they're higher. Why?
Mortgage rates poised to plummet following latest Fed decision
The final Fed rate cut of 2024 is here. Here’s everything you need to know about how the latest reduction will impact mortgage interest rates. Fox Money is a personal finance hub featuring content generated by Credible Operations,
Today's Mortgage Rates | Rates May Not Drop As Much As Expected Next Year
These are today's mortgage and refinance rates. Mortgage rates remain elevated and they may not drop as much as expected next year.
How the Fed's Interest Rate Cut Could Impact Mortgage Rates
The Federal Reserve is expected to announce its third interest rate cut of 2024 at its policy meeting tomorrow. In an effort to tame inflation, the central bank started hiking interest rates in early 2022,
What the Fed's December rate cut means for mortgage interest rates
The Federal Reserve implemented its third consecutive rate cut of 2024 today (December 18), reducing its benchmark federal funds rate by 25 basis points. This decision lowered the Fed's benchmark rate to a range of 4.
The Fed Cut Rates. Mortgage Costs Went Up.
Average 30-year mortgages have climbed to around 6.7% since the Fed started lowering rates in September. And they are only poised to rise further.
Mortgage Rates Likely to Tick Higher After Fed Decision. Here's Why.
The Federal Reserve cut interest rates again—but prospective home buyers could still see mortgage rates tick higher in coming days. The 10-year Treasury yield, a benchmark for mortgage rates, was risi
Fed Cuts Interest Rate by a Quarter Point, but Don't Expect Big Declines for Mortgages Yet
In remarks at a postmeeting press conference on Wednesday, Fed Chair Jerome Powell said that policymakers are now equally attuned to risks from both sides of the mandate, and would proceed cautiously with future rate cuts to avoid reigniting rapid inflation.
Federal reserve issues final rate cut of 2024, what's next?
The U.S. Federal Reserve has issued their final rate cut of 2024, saying that what happens next year will depend on the actions and policies of the incoming Trump administration. Some at the reserve has signaled that the rate cuts will slow down as business leaders say inflation is not coming down enough.
The Fed expects to cut rates more slowly in 2025. What that could mean for mortgages, debt and more
The Federal Reserve's third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers
Mortgage rates end 2024 on a high note – unfortunately for the housing market
In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The ...
30-Year Mortgage Rates Hold at Highest Level Since July
After surging to a five-month high before the holiday, 30-year mortgages held steady Thursday. Rate movement was mixed across ...
Hosted on MSN17h
Mortgage Rate Predictions: Holiday Week Brings Higher Rates
Furthermore, mortgage rates have reached their highest levels in weeks. Following the Federal Reserve's third interest rate ...