30-Year Mortgage Rate Drops to 6.09% After Fed Rate Cut
WEB17 hours ago · The average rate on 30-year mortgages, the most popular home loan in the United States, fell to 6.09 percent this week, Freddie Mac reported on Thursday. That was down from 6.2 percent a week ...
What the Federal Reserve rate cut means for the housing market …
WEB1 day ago · Long-term fixed-rate mortgage rates are now at 6.2%, the lowest since February 2023. (It's worth noting, though, that other factors besides the Federal Reserve's benchmark interest rate influence ...
Here's how the Fed's big rate cut affects mortgages - CBS News
WEB1 day ago · September 18, 2024 / 3:11 PM EDT / CBS News. The Fed's surprising 50-basis-point rate cut could have a significant impact on where mortgage rates head next. Getty Images. The mortgage rate ...
Should You Refinance Your Mortgage After the Fed’s Interest Rate …
WEB15 hours ago · The average interest rate for 30-year fixed mortgages was 6.09 percent on Thursday, according to Freddie Mac, down from 6.2 percent last week and 7.19 percent a year ago. They had been as high as ...
Fed Cuts Interest Rates For First Time In 4 Years: Here’s ... - Forbes
WEB1 day ago · Key Facts. The Fed’s policy-setting committee cut the federal funds rate by 50 basis points, the more aggressive move as consensus was split between a 25 or 50 basis-point cut. It’s the first ...
Fed Announces Big Rate Cut - The New York Times
WEB2 days ago · The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell. The Fed’s decision ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB1 day ago · Mortgage rates were already falling ahead of the Federal Reserve’s expected interest rate cut. The average 30-year fixed mortgage rate fell to 6.20% last week , the lowest level since February 2023.
Federal Reserve lowers interest rates by 0.50 percentage ... - CBS News
WEB1 day ago · The Fed said the cut lowers the federal funds rate into a range of 4.75% to 5%, down from its prior range of 5.25% to 5.5%, which had been its highest level in 23 years. The half-point move ...
What the Fed’s interest rate cut means for mortgages, car loans …
WEB1 day ago · September 18, 2024 at 6:00 a.m. EDT. The Federal Reserve is poised to cut interest rates this week for the first time in four years, putting an end to its longest cycle of rate hikes in roughly a ...
What you should know after the Fed cut rates | AP News
WEB1 day ago · NEW YORK (AP) — The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses.. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5 percent, the first rate cut in more than four years.
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