Federal Reserve
The Federal Reserve started a rate-cutting cycle on Sept. 18, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut is the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. However, mortgage rates rose following the Fed’s first cut, suggesting that the bond market had already factored in this anticipated action.
Latest Posts
Homebuilders are returning to the single-family market. But it won’t be enough
Sep 18, 2024Homebuilders are coming back to the single-family market, but multifamily prospects look dim and the overall pipeline isn’t enough to make a dent in the housing shortfall.
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Fed policy is set to change. How will mortgage rates respond?
Sep 17, 2024 -
Logan Mohtashami talks recession concerns, home affordability with the ’Real Estate Insiders’
Sep 12, 2024 -
Mortgage rates drop to another new low for 2024
Sep 11, 2024 -
Even as inflation decelerates, housing expenses are proving stubborn
Sep 11, 2024 -
Mortgage rates move lower, but where are the homebuyers?
Sep 10, 2024 -
‘Common sense has prevailed’ as Basel Endgame proposal will be revised
Sep 10, 2024 -
The cost of homeowners insurance skyrockets in Upper Midwest states
Sep 09, 2024 -
Is the Fed behind the curve with this labor market?
Sep 06, 2024 -
Mortgage rates haven’t budged after the jobs report
Sep 06, 2024 -
Is the August jobs report exactly what the Fed needed to hear?
Sep 06, 2024
