The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September.
Read More What a Federal Reserve rate cut means for your finances
Tag: mortgages
Fed likely to hold rates steady one last time as inflation fight finale unfolds
The Federal Reserve is expected to open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target.
Read More Fed likely to hold rates steady one last time as inflation fight finale unfolds
New Biden rule will redistribute high risk loan costs to homeowners with good credit
A new Biden administration rule that is set to go into effect will force homeowners with good credit to pay more on their mortgages in order to subsidize loans to high-risk borrowers.
Read More New Biden rule will redistribute high risk loan costs to homeowners with good credit