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The 30-year fixed-rate mortgage has risen every week since the Fed cut interest rates on Sept. 18, jumping from 6.2 percent to 7 percent in the week that ended on Nov. 7, according to Bankrate data.
This is 2024's third federal funds rate cut following a half-point cut in September and a quarter cut in November. Today's rate cut comes at a critical time, as inflation has steadily increased ...
At the conclusion of its sixth rate-setting policy meeting of 2024 on September 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 50 basis points to ...
Sure, the 30-year fixed-rate mortgage has edged lower since the Fed last cut borrowing costs in November, sinking to 6.78 percent from 7 percent on Nov. 7. But mortgage rates remain more than half ...
At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
At the conclusion of its seventh and penultimate rate-setting policy meeting of 2024 on November 7, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...