As of now, the current Fed interest rate is 5.25% to 5.5%. This is a 22-year high. The Federal Reserve kept the target range unchanged in its September 2023 meeting. However, the... Read more »
Federal Reserve Chair Jerome Powell expressed uncertainty about the central bank’s success in tackling inflation, emphasizing the ongoing challenges. Powell, addressing an International Monetary Fund audience, revealed the Federal Open Market Committee’s... Read more »
Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of... Read more »
Federal Reserve Chair Jerome Powell left the door open to a future interest rate hike on Wednesday, but most housing professionals are hopeful that the Fed may be done hiking interest rates... Read more »