Fed Cuts Rates By Quarter Point, But Faces Growing Split

realtyexpertsReal Estate News

The Federal Reserve voted to cut interest rates by a quarter-percentage point for the second time in as many months to cushion the economy against a global slowdown amplified by the U.S.-China trade war.

The post Fed Cuts Rates By Quarter Point, But Faces Growing Split appeared first on Real Estate News & Insights | realtor.com®.

Mortgage Rates Were Falling Before Fed Signaled Rate Cut

realtyexpertsReal Estate News

The Federal Reserve is prepared to cut interest rates this week for the first time since 2008, but the biggest source of debt for U.S. consumers—mortgages—has been getting cheaper since late last year.

The post Mortgage Rates Were Falling Before Fed Signaled Rate Cut appeared first on Real Estate News & Insights | realtor.com®.