But September brought a shift when the Federal Reserve cut rates for the first time in 2024. This helped push mortgage rates down for a short while, and more changes could be coming soon.

On Sept. 18, 2024, the Federal Reserve cut rates for the first time in over four years, lowering the target federal funds range by half a percentage point, or 50 basis points, to 4.75% to 5.00%.

and some banks began to lower their CD rates in late summer in anticipation of the Fed rate cut. When the Fed slashed rates on September 18, 2024, many banks responded by dropping their CD rates.

The Federal Reserve's jumbo interest-rate cut in mid-September was welcome news to prospective homebuyers, with the ...

The Federal Reserve appears to be gearing up for a September rate cut. A century worth of rate-cut history shows it’s good ...

With the Fed moving into a rate cut cycle, investors will be more than likely witnessing allocation shifts in fixed income portfolios. Fed rate cuts will be occurring in a landscape where fixed ...

However, our opinions are our own. See how we rate products and services to help you make smart decisions with your money. On Thursday, the Fed cut rates by another 25 basis points. This is ...

25% to the 5% to 5.25% range. It's also possible that the Fed decides to make a larger rate cut of .50%, which would leave the rate in the 4.75% to 5% range. The 12-month inflation rate is ...

Below, we'll calculate how much a $200,000 home equity loan costs per month now that rates have been cut. See how low of a home equity loan rate you could secure here. The average home equity loan ...

With the lagged effects of restrictive monetary policy beginning to show up in the jobs market, Wednesday's rate cut was a foregone conclusion. The only question was the size of the reduction and ...

Most central banks of the Gulf Cooperation Council (GCC) cut key interest rates on Thursday, following the Federal Reserve's ...

the average 30-year fixed mortgage rate has jumped about 47 basis points since the Fed rate cut in September to right around 6.62%. Experts say a few reasons for this increase are the 10-year ...