US EditionFed Pauses, But Mortgage Rates Are Already Lower
- The Federal Reserve held the federal funds rate steady, wrapping up its three-meeting streak of rate cuts, showing cautious confidence in the economy.
- Mortgage interest rates have decreased since late summer, currently averaging 5.99% APR for a 30-year fixed-rate mortgage, according to Zillow.
- Freddie Mac's weekly rate survey shows mortgage rates have been below 6.3% since early October, indicating lower mortgage costs for borrowers.
- Future purchases of mortgage-backed securities could lead to further drops in mortgage rates, suggesting potential changes in the market.
37 Articles
37 Articles
Fed Pauses, But Mortgage Rates Are Already Lower
The Federal Reserve just voted to hold the federal funds rate steady, putting a wrap on its three-meeting streak of rate cuts and demonstrating the central bankers' cautious confidence in the economy. The official statement noted that "in considering the…
The Federal Open Market Committee (FOMC) of the Federal Reserve of...
The regulator's decision coincided with the expectations of economists.
The EDF predicted that the country would have an unemployment rate of 4.5% by 2025 and 4.4% by 2026.
Interest rates will remain unchanged, as decided by the Federal Open Market Committee (FOMC) of the Federal Reserve, meeting analysts’ expectations after three consecutive reductions since September. The end of the ballots ended 10-2 with Christopher Waller and Stephen Milan as the only members who voted for an additional cut of 25 basis points. This decision marks a turning point, since Bitcoin and the rest of the risk assets reacted showing im…
The Federal Open Market Committee (FOMC) of the U.S. Federal Reserve (Fed) decided on Wednesday to leave interest rates unchanged in the target range of 3.50% to 3.75%, at their lowest levels since late 2022. This pause contrasts with the series of 25-basis-point cuts agreed upon on September 17, October 29, and December 10, and suggests a return to the five consecutive periods in which the central bank kept interest rates frozen starting in Jan…
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