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On Dec. 18, the Federal Reserve made its third consecutive cut of 2024, reducing the federal funds rate by 0.25 percentage points. Yet the Fed also projected a slower pace of cuts in 2025, a move ...
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 30-year fixed-rate mortgage has actually increased since the U.S. central bank cut borrowing costs in September for the first time since 2020. Savers, however, have something to celebrate.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025. Fed lowers rates by 0.25 percentage point, but expects fewer ...
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s ...
The Fed’s 19 policymakers projected that they will cut their benchmark rate by a quarter-point just twice in 2025, down from their estimate in September of four rate cuts.
Along with trimming the number of rate cuts expected this year, the new rate projections raised the long-run "neutral" rate needed to keep inflation in check while maintaining steady growth to 2.8 ...
Mortgage rates fell sharply leading up to the Fed’s first rate cut, dropping all the way from 8.01 percent in Oct. 2023 to 6.20 percent as of Sept. 18, 2024, according to Bankrate’s national ...