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
Extend Those Durations, Mortgage Maxx Warns MBS Investors
Jun 30, 2008Prepayment data service Mortgage Maxx AFS warned MBS holders last week that prepayment rates should sag over the summer — and through year end, as well, if expectations for higher mortgage rates are met. “Mortgagors are having a hard time seeing the Fed’s alpha this easing cycle,” said Paul Descloux, Mortgage Maxx AFS chief, pointing out that the majority of loans made since 2003 have no incentive to refinance at current rate levels. Tougher credit standards and falling asset values provide further drag on prepayments activity, he said in a note to subscribers.
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Fixed Mortgage Rates Rise Only Slightly
Jun 26, 2008 -
Fed Holds Key Rate at 2 Percent; Notes Risk of Inflation
Jun 25, 2008 -
So sayeth the Oracle of Omaha
Jun 25, 2008 -
Housing Outlook Grim, As Downturn Called “Worst in a Generation”
Jun 23, 2008 -
RBS Strategist Warns of “Nasty” Credit Crash
Jun 18, 2008 -
FDIC’s Bair: ‘Playbook’ Needed for Failure of Investment Banks
Jun 18, 2008 -
Bank Economists: No Clear Recession, Only Slow Growth
Jun 18, 2008 -
Housing Starts Hit 17-Year Low in May
Jun 17, 2008 -
Mortgage REIT Insider: Commercial mREITs Get Clobbered
Jun 13, 2008 -
MBA: HUD and Federal Reserve Must Work Together on RESPA Reform
Jun 12, 2008 -
Fixed Mortgage Rates Hit Eight-Month High as Inflation Concerns Mount
Jun 12, 2008
