Federal Reserve
The Federal Reserve started a rate-cutting cycle on Sept. 18, 2025, lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5%. The cut was the first since March 2020 after the Fed raised interest rates to a 23-year high point to cool the economy and quell inflation. The Fed cut rates two more times in 2024, each by 25 basis points. It has not cut interest rates so far in 2025.
Latest Posts
PMI Group Sees Refis Driving Market Recovery
Jun 19, 2009Total mortgage originations may top $2.59trn this year, largely due to refinance volume, which will account for some 72% of the total origination market, according to projections within The PMI Group’s monthly housing and mortgage market review. Origination should slip in 2010 as the refinance boom eventually wears off, falling more in line with the “modest” economic recovery expected after the second half of this year. Any growth in the broader economy in 2009 will likely be muted by continued unemployment highs.
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Fed Halves Weekly MBS Purchases
Jun 19, 2009 -
Geithner Urges Swift Action on Reform
Jun 18, 2009 -
Key Fed Official to Leave
Jun 12, 2009 -
Fed Lets BNY Off the Hook
Jun 12, 2009 -
Fed’s Gross Weekly MBS Purchases Double
Jun 12, 2009 -
Fed: Economy Still Weak, Outlook Promising
Jun 11, 2009 -
Fed Still on MBS Buying Spree
Jun 11, 2009 -
Viewpoint: S&P Clubs CMBS Markets
Jun 10, 2009
