Search result for The Federal Reserve
The Fed has approved the smallest rate raise since March, in response to an improved inflation outlook.
The Federal Reserve unanimously authorized a quarter-point interest rate hike on Wednesday, reducing the pace of its increases in a clear hint that the central bank is making progress in its war against inflation. The decision, made at the conclusion of the Federal Open Market Committee's fir...
Rates on mortgages reached 5.89%, which is the highest level since 2008.
The Federal Reserve is indicating that it intends to maintain higher interest rates for longer.
In a new report released on Thursday by Freddie Mac, the average interest rate on 30-year mortgages increased to 5.89%, the highest level since 2008.
The increase follows a time dur...