Americans Are Desperate for Relief. The Rate Cut Is a Glimmer of Hope.
The Fed’s cut won’t be immediately felt by everyone, but for some it is the start of a big change.
What does the interest rate cut mean for mortgages and homebuyers?
Mortgage rates closely track the yield on a 10-year Treasury bond, or the amount paid to a bondholder annually. In the ...
Mortgage rates drop to lowest since early February 2023 after Fed’s jumbo interest rate cut
Sales of previously owned homes in the United States fell sharply in August, despite mortgage rates plummeting that month.
The Fed says its long-awaited rate cut is apolitical, even close to the presidential election
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the homestretch of the presidential election. Fed Chair Jerome Powell downplayed the ...
Fed rate cut may drive reluctant car buyers off the sidelines: Edmunds
The central bank cut its benchmark funds rate by a larger-than-expected half percentage point, or 50 basis points, resulting ...