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
Wells: Housing Won’t Slow US Economy in 2007
Dec 21, 2006Most U.S. households on average have never been better off in the wealth department, Wells Fargo’s senior economists said during the company’s annual economic forecast teleconference earlier this week. The economists also forecast U.S. economic growth in 2007 despite home price declines, Federal Reserve interest-rate increases and other economic factors.
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Mortgage Rates Climb for Second Consecutive Week
Dec 21, 2006 -
GSEs Required to Follow Nontraditional Mortgage Risk Guidance
Dec 15, 2006 -
Economic News Lifts Mortgage Rates
Dec 14, 2006
