After likely quarter-point rate cut, Fed may slow pace of drops if inflation stays
After slashing its key interest rate by a hefty half percentage point in September, the Federal Reserve is expected to lower rates by a more measured quarter point Thursday and several times next year as inflation continues to ease. But if the Fed veers ...
Should you lock in a mortgage rate after the November rate cut? Experts weigh in
Mortgage experts agree that the right time to lock in a rate depends on your situation. Making your move later this month could offer some advantages. But your timeline, financial readiness and local housing market should guide your decision. The choice isn't just about getting the lowest rate — you must find the right balance for your needs.
Mortgage Rates Won't Drop Despite Another Fed Rate Cut. Here's Why
You shouldn't rush into a home purchase (even if rates are falling) if it doesn't make sense for your budget or lifestyle. Taking extra time to build your credit score and put aside cash for a bigger down payment will help you in the long run, while also helping you save money on your future mortgage.
Jobs report shocker puts Fed interest-rate cut in play
CME Group's FedWatch, meanwhile, pegs the odds of a quarter-point reduction next week in Washington at around 98%, with the chances of a follow-on cut in December jumping from 70% to around 85%.
Another Fed rate cut is ahead but also likely is ongoing uncertainty after the election
The Fed is expected to cut rates on Thursday and possibly again in December. What can savers and borrowers expect?
Investors Bet on Quarter-Point Rate Cut as Fed Meeting Looms
The U.S. election is grabbing all the headlines on Tuesday–but it's not the only vote that could move markets this week. The Federal Reserve will end its two-day November meeting on Thursday afternoon,
Americans are probably getting another interest rate cut this week — just days after the election
It's likely that the Federal Reserve will cut interest rates by a quarter point on Thursday, closing out a busy week after ...
Fed Interest Rate Cuts Are Coming After Weak October 2024 Payrolls
The October payrolls were the weakest since December 2020. With just 12,000 net new jobs added during the month, more Federal ...
Interest rate forecast 2025: Consumers can expect lower rates
Assuming inflation remains near 2%, interest rates will likely continue to trend lower. The FOMC projects a fed funds rate of ...
Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds
Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.
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Gold holds ground ahead of US election and Fed interest rate decision
Gold prices were little changed on Monday as investor caution prevailed ahead of the U.S. presidential election and looming ...
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Look for predictability in the Fed’s interest rate decision next week
The upcoming Fed meeting will be all about predictability, especially since it comes in the wake of the election.
CNET on MSN4d
Inflation Cools in September, but Don't Expect Another Jumbo Interest Rate Cut
The Fed surprised many in September when it voted to cut the federal funds rate by a half-percent instead of the expected ...
Mortgage Rates Today, Nov. 1: Median Rate Rises to 6.99%
The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage ...
What's a good HELOC interest rate now that rates are falling again?
Improve your credit score: The lowest HELOC rate offers will be reserved for those with the highest credit scores. So if your ...