Here’s what the Fed’s surprise interest rate cut means for mortgage rates

KASA Real Estate Team Mortgage Rates Leave a Comment

The Federal Reserve just cut its benchmark interest rate — but don’t expect lower mortgage rates as a result of the cut because mortgage rates were already falling prior to any action taken by the Fed. And there are some analysts who expect rates to fall even lower possibly as low as 3% for a 30 year fixed mortgage. Read …

Fed Signals End of Interest Rate Increases

KASA Real Estate Team Interest rate Leave a Comment

In a statement following a two-day meeting of its policy making committee, the Fed said that economic growth remained “solid,” and that it expected growth to continue. But in a sharp reversal of its stance just one month ago, the Fed did not say it expected to keep raising interest rates. Instead, the statement said the Fed would be “patient” …