Fed Cuts Rates by Quarter Point, Again; No Significant Mortgage Rate Changes Expected

Above, Fed Chair Jerome Powell The Federal Reserve has announced its second interest rate cut of the year—the second in a row—in the midst of a government shutdown.  The Federal Open Market Committee (FOMC) announced at its October meeting today that it has cut interest rates by a quarter-percentage point. This follows a 25-basis-point cut…

The post Fed Cuts Rates by Quarter Point, Again; No Significant Mortgage Rate Changes Expected appeared first on RISMedia.

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