Taylor Getler writes for NerdWallet. Email: tgetler@nerdwallet.com. The article Fed Cuts Rates by Half a Point; Mortgage Rates May Fall Below 6% originally appeared on NerdWallet.
Fed Cuts Rates By Half A Point; Mortgage Rates May Fall Below 6%
Taylor Getler, NerdWallet.com
Wed, 09/18/2024 - 11:02am
BING NEWS:
- Mortgage Rates Are Coming Down. When Does It Make Sense To Buy Or Refinance?
Borrowers are finally starting to see signs of hope. Mortgage rates are at their lowest point in 18 months—and expected to fall further—after the Federal Reserve cut short-term interest rates by 0.50% or 50 basis points for the first time since the onset of the pandemic.
09/18/2024 - 7:32 am | View Link - Has the Fed Ever Cut by 50 Basis Points in 'Peacetime'?
One argument for cutting rates by 25 basis points, or 0.25 percentage point, instead of 50 basis points goes like this: The Federal Reserve only makes larger cuts when something is going wrong in the economy or financial system.
09/17/2024 - 8:32 pm | View Link - More
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