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Despite the Fed's September cut, mortgage rates have increased over the last month, with the average interest rate on a 30-year fixed-rate loan sitting at about 6.72%, according to Freddie Mac ...
The Fed cut its federal funds rate — the interest rate banks charge each other for short-term loans — by 0.25 percentage points, lowered the rate to a range of 4.25% to 4.5%, down from its ...
The Fed lowered the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.25% to 4.5%, down from its previous target range of 4.5% to 4.75%.
The Federal Reserve cut its federal funds rate by a quarter point today following a two-day policy meeting, bringing its benchmark rate to between 4.25% and 4.50%. This is 2024's third federal ...
The committee voted 11-1 to cut rates by a half point to a range of 4.75 to 5%, with Fed governor Michelle Bowman advocating for just a quarter-point cut. The Fed projected lowering rates another ...
Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its November meeting. We already know what the Fed is likely to do: Cut interest rates by a ...
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. ... a homeowner with a $400,000 mortgage could save about $400 a month by refinancing into a loan at today's rate of ...
In order to fight stubborn inflation, Fed officials raised interest rates 11 times between March 2022 and July 2023, lifting the Fed funds rate from near-zero to a range between 5.25% and 5.5% ...
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