Central bank lowers the benchmark federal funds rate by a quarter of a percentage point
The US Federal Reserve cut interest rates on Wednesday amid questions over its fight to bring down inflation ac…
Dollar jumps and stocks slide after US central bank signals only half a percentage point of reductions in 2025
Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET.
FOMC Statement:
Recent indicators suggest that economic activity has continued to expand at a solid pace. S…
From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope
Last week wasn't great for mortgage rates. They moved higher on each of the 5 days. Moreover, there was a di…
Note: Mortgage rates are from
MortgageNewsDaily.com and are for top tier scenarios.
Wednesday:
• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the
mortgage purc…