Federal Reserve
After mortgage rates reached as high as 8% in October 2023, the Federal Reserve paused on hiking the Fed funds rate and said it would cut interest rates three times in 2024. The timing of those cuts has changed from March to May, despite PCE inflation falling below the Fed’s 2% target over the last six months. Inflation levels and labor market dynamics continue to influence the Fed’s policy on rates, and we are keeping a close eye on those variables and how the Federal Reserve is reacting.
Latest Posts
Labor market report is good news for mortgage rates
May 03, 2024Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
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U.S. hiring slowed in April, missing estimates
May 03, 2024 -
Rates at 7% attract different types of borrowers, forcing lenders to rethink profit strategies
May 01, 2024 -
Fed holds rates steady for the sixth straight time
May 01, 2024 -
Mortgage rates continue to rise before the Fed’s meeting
Apr 30, 2024 -
If reelected, Trump could seek greater control over Federal Reserve
Apr 26, 2024 -
Experts share insights about the Fed, data ‘vibes’ and housing trends
Apr 23, 2024 -
Opinion: If you’re chasing volume, you’re chasing the wrong carrot
Apr 19, 2024 -
Powell makes it clear: No rate cuts anytime soon
Apr 16, 2024 -
As inflation heats up, mortgage rates also rise
Apr 16, 2024 -
As a ‘higher-for-longer’ rate scenario unfolds, how is the mortgage industry adapting?
Apr 15, 2024 -
How the CPI data took one Fed rate cut off the table for 2024
Apr 10, 2024