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How the Federal Reserve’s rate policy affects mortgages

How the Federal Reserve’s rate policy affects mortgages

The Federal Reserve lowered its interest rate target three times in 2024.This has many Americans waiting for mortgage rates to fall. But that may not happen for some time.”I think the best case scenario is we’re going to continue to see mortgage rates...
Fed cuts by a quarter point, indicates fewer reductions ahead

Fed cuts by a quarter point, indicates fewer reductions ahead

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional cuts in coming years. In a move widely anticipated by markets, the...