Feds May Keep Interest Rates Steady
Mortgage interest rates are not directly tied to the Federal Funds interest rates, but mortgage interest rates are frequently affected by what the Feds do. The Feds voted Wednesday to increase the interest rates by 1/4%. But it appears that the interest rate increase was already anticipated ...
As Fed rate increases slow, many are wondering when mortgage rates will begin to drop. Here's what some experts predict.
The Federal Reserve held interest rates at a 23-year high Wednesday while scaling back its estimate of rate cuts this year to one.
"While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses," Powell said. "These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far grea...
San Francisco Federal Reserve Bank President Mary Daly said Thursday that she now supports cutting interest rates. “With the information we have received today, which includes data on employment, inflation, [gross domestic product] growth and the outlook for the economy, I see it as likely th...
The impact of higher interest rates can be seen in the chart below. With the Feds’ “aggressive” path ahead, expect the Bills (light green) to start becoming a major driver of higher interest. Figure: 3 Total Debt Outstanding The chart above shows interest as a % of total debt ($30...
Even thoughauto loansare fixed, payments are getting bigger because the price for all cars is rising along with the interest rates on new loans, so if you are planning tobuy a car, you’ll shell out more in the months ahead. The average interest rate on a five-year new car loan ...
The Federal Reserve cut interest rates by a quarter-point Wednesday; ending months of speculation surrounding the potential move that could have...
The Fed announced that theypotentiallyhave a plan topotentiallyincreaseinterest rates earlier than they werepotentiallyexpecting. You’ve probably never ever read three ‘potentially’s in one sentence, but it’scalled for in this regard because the Feds commentary wasfilled with that level of uncert...