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  2. Mortgage and refinance rates for Jan. 20, 2025: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The current average rate for a 30-year fixed mortgage is 7.11% for purchase and 7.12% for refinance — up 5 basis points from 7.06% for purchase and 3 basis points from 7.09% for refinance ...

  3. Here's how the Fed's interest rate cut today could impact ...

    www.aol.com/heres-expect-feds-interest-rate...

    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 ...

  4. Wall Street sees 'slower' pace of Fed rate cuts in 2025 - AOL

    www.aol.com/finance/wall-street-sees-slower-pace...

    When accounting for the various policies, Deutsche Bank estimates the US economy will grow at an annualized rate of 2.5% in 2025, with the rate of unemployment ending the year at 3.9% (down from 4 ...

  5. Mortgage and refinance rates for Dec. 17, 2024: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The current average interest rate for a 30-year fixed mortgage is 6.79% for purchase and 6.76% for refinance, down 1 basis point from 6.80% for purchase and 1 basis point from 6.77% for refinance ...

  6. Monetary policy of the United States - Wikipedia

    en.wikipedia.org/wiki/Monetary_policy_of_the...

    The U.S. Congress has established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. Because long-term interest rates remain moderate in a stable economy with low expected inflation, the last objective will be fulfilled automatically together ...

  7. Federal funds rate - Wikipedia

    en.wikipedia.org/wiki/Federal_funds_rate

    The Federal Open Market Committee regularly sets a target range for the federal funds rate according to its policy goals and the economic conditions of the United States. It directs the Federal Reserve Banks to influence the rate toward that range with adjustments to their own deposit interest rates. [7]

  8. Mortgage and refinance rates for Dec. 18, 2024: Average rates ...

    www.aol.com/finance/mortgage-and-refinance-rates...

    The current average interest rate for a 30-year fixed mortgage is 6.80% for purchase and 6.80% for refinance — up 7 basis points from 6.73% for purchase and 5 basis points from 6.75% for ...

  9. US makes third interest rate cut despite inflation risk - AOL

    www.aol.com/finance/us-makes-third-interest-rate...

    The US central bank has cut interest rates for a third time, despite concerns that the move will deliver a boost to the economy that risks re-igniting price inflation. The decision was expected ...

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