Federal Reserve
After mortgage rates reached as high as 8% in October 2023, the Federal Reserve paused on hiking the Fed funds rate and said it would cut interest rates three times in 2024. The timing of those cuts has changed from March to May, despite PCE inflation falling below the Fed’s 2% target over the last six months. Inflation levels and labor market dynamics continue to influence the Fed’s policy on rates, and we are keeping a close eye on those variables and how the Federal Reserve is reacting.
Latest Posts
How low can mortgage rates go with cooler inflation?
Jul 11, 2024It’s critical to break the stubborn level of 4.20% on the 10-year yield if we want to see mortgage rates drop closer to 6.5%.
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Please clap: Inflation cooled more than expected in June
Jul 11, 2024 -
Powell: ‘The best thing we can do for housing is to succeed in getting inflation down to 2%’
Jul 09, 2024 -
SFR investors drive up rents, but don’t cause gentrification: Philadelphia Fed
Jul 09, 2024 -
Consumers expect home-price growth to slow down: The Fed
Jul 08, 2024 -
The housing market is better positioned for lower mortgage rates
Jul 06, 2024 -
The Fed is winning its war against the labor market. What does that mean for rates?
Jul 05, 2024 -
US job creation moderated in June
Jul 05, 2024 -
Resilient economy keeps mortgage rates above 7%
Jul 02, 2024 -
Mortgage rates hold steady as market signals remain mixed
Jun 25, 2024 -
When will the Fed’s moves alleviate the lock-in effect?
Jun 13, 2024 -
Inflation and Fed day: A crucial moment for the housing market
Jun 12, 2024