What the Fed Rate Cut Means for Credit Cards - U.S. News
WEB2 days ago · For the first time since March 2020, the Fed cut interest rates. The federal funds rate is now 4.75% to 5% after being at a 23-year high of 5.25% to 5.5% since July 2023. Originally expected to ...
What does the Fed’s interest rate cut mean for homeowners and …
WEB2 days ago · In the past few months, rates have steadily fallen in anticipation of interest rate cuts. The standard 30-year fixed-rate mortgage averaged 6.09% in the week ended September 19, according to ...
Live updates: First Fed rate cut since Covid | CNN Business
WEB4 days ago · Mortgage rates have already begun steadily falling in anticipation of the Fed’s expected Wednesday cut. According to Freddie Mac, the average 30-year fixed mortgage rate fell to 6.20% last week ...
The Fed surprised many investors with a jumbo rate cut this week.
WEB2 days ago · Still, even with minutes to go before the Fed’s announcement, many top economists at financial companies still believed Powell’s ever-cautious Fed would opt for a quarter-point cut.
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