FED Cuts Funds Rate By 25 bps
Federal funds rate lowered to a target range of 4.50%-4.75%.
Tagged: The Federal Reserve
Mortgage CFOs, CIOs: Rate Relief A Long Way Off
Eager for relief but fearing further losses, industry executives offer insights on a volatile mortgage market in transition.
Mortgage Industry Despairs Over Positive Jobs Report
Leading to 'crushed' expectations of another significant rate cut
Interest Rate Cut Reinforced By Wednesday's Inflation Data
Consumer Price Index makes smallest annual increase in three years
Inflation Slows To 2.9% In July
Core inflation — less food and energy — remains slightly higher than the all items index
Blockbuster Jobs Report Staves Off Recession But Delays Rate Cuts
Hot May jobs report signals further delays in rate cuts, according to the MCT June Indices report
Economists Less Confident Rates Will Drop Following Fed Decision
After sixth consecutive month with no change, the likelihood of cuts in 2024 feels "more out of reach."
Chicago Fed: Potential First-Time Homebuyers Pool Is Shrinking
Higher home prices, higher rates mean bigger affordability hurdles for consumers.
