Mortgage rates experienced a significant decline, following President Donald Trump’s announcement on social media that he is directing mortgage giants Fannie Mae and Freddie Mac to acquire $200 billion in mortgage bonds. “This will drive mortgage rates down, monthly payments down, and make the cost of owning a home more affordable,” he stated in the Read More
The Federal Reserve’s divergence regarding its priorities led to a reduction in its key interest rate on Wednesday, yet it indicated that the path to additional cuts may be more challenging moving forward. The central bank’s Federal Open Market Committee, meeting the expectations of a “hawkish cut,” has reduced its key overnight borrowing rate by Read More
A significant inflation indicator fell short of expectations in September, as reported by the Commerce Department on Friday, following a delay due to the government shutdown. This development provides additional justification for the Federal Reserve to consider reducing interest rates. The core personal consumption expenditures price index, excluding the more volatile food and energy prices, Read More
