Fed Rate Cuts Unlikely This Summer. Are Lower Mortgage Rates Still Possible?

Fed Says ‘Not Yet’ to Rate Cut, Mortgage Rates Dangle Below 7%

Mortgage interest rates dipped this week and the Federal Reserve left short-term rates alone, while opening the door to cut them in the fall.The average interest rate on the 30-year fixed-rate mortgage fell eight basis points to 6.86% in the…

Fed Rate Cuts Unlikely This Summer. Are Lower Mortgage Rates Still Possible?

The Fed's impact on mortgage rates isn't direct, but it matters. Here's what to know about the central bank's latest decision.

Federal Reserve Refuses To Cut Interest Rates

The Federal Reserve voted to leave the benchmark interest rate between 4.25% and 4.5%, despite the economy’s “solid position.”“For the time being, we are well-positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Federal Reserve Chair Jerome Powell said in a press conference following the decision.The Consumer Price Index rose 2.4% in May, up from 2.3% in April — its low…

Federal Reserve Leaves Interest Rates Unchanged in June Meeting

At the latest Federal Open Market Committee (FOMC) meeting on June 18, the Federal Reserve board of governors once more chose to leave interest rates unchanged from the current 4.25 – 4.5 rate. Interest rates were last cut in December 2024.  At a press conference following the meeting, Federal Reserve Chair Jerome Powell stressed that… The post Federal Reserve Leaves Interest Rates Unchanged in June Meeting appeared first on RISMedia.