Fed cuts rates by half a point; mortgage rates may fall below 6%
Sep 18, 2024
After sustaining a 23-year high for over a year, the Federal Reserve has elected to slash the federal funds target rate by half a point, dropping from a range of 5.25%-5.50% to 4.75%-5%. Lenders anticipated that the Fed would move…
https://journalstar.com/news/nation-world/business/personal-finance/fed-cuts-rates-by-half-a-point-mortgage-rates-may-fall-below-6/article_03152553-4505-5d47-bdf3-ecdc81a2ae1a.html
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