The Federal Reserve just issued its first interest rate cut since 2024. Here's what it could mean for mortgages.

Savings and CD rates are likely to decline after the Federal Reserve's 25-basis-point rate cut. See how much they might ...

Mortgage rates shot up in 2022 following the Fed's aggressive rate-hiking campaign to combat inflation, and have been between ...

The Federal Reserve cut its benchmark interest rate Wednesday for the first time in nine months. Since the last cut, progress ...

"The labor market is really cooling off," said Fed Chair Jerome Powell, who's been under unprecedented pressure to slash ...

Federal Reserve Chair Jerome Powell is likely to muster a majority of his colleagues to support a 25-basis-point cut in ...

Typically, the Fed hikes rates or keeps them steady to tame inflation. The central bank lowers rates to juice the economy. While the Fed previously held back on rate cuts due to inflation concerns, a ...

Mortgage rates have already fallen in anticipation of the move, with the average 30-year fixed rate reaching an 11-month low ...

The Fed meets eight times a year in regularly scheduled meetings to set U.S. monetary policy. The FOMC sets the target range ...

When the Fed lowers rates, banks often follow by lowering savings yields. It may not be a huge drop right away, but annual ...

The Fed's FOMC met to discuss monetary policy and decide on rates, which led to a 25 bp rate cut and two more planned for ...