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federal reserve

Fed Holds Funds Rate Steady as Mortgage Rates Ease

Fed Holds Funds Rate Steady as Mortgage Rates Ease

Mortgage rates moved lower this week, but it wasn't about today's decision from the Federal Reserve to keep the federal funds rate steady. The drop was driven by markets' reaction to the U.S. and Iran's deal to reopen the Strait of Hormuz

Warsh shakes up Fed analysis, maintains interest rates

(The Center Square) - The central bank would implement new task forces to aid in deciding monetary policy, Kevin Warsh, the new chairman of the Federal Reserve, said Wednesday. The central bank also decided to keep interest rates at the same level of 3.5% to 3.75%. Members of the

Weekly Mortgage Rates Climb as Inflation Hits Three-Year High

Weekly Mortgage Rates Climb as Inflation Hits Three-Year High

Mortgage rates are up, as new data shows annual inflation has reached its highest level since 2023. The average rate on a 30-year fixed-rate mortgage rose six basis points to 6.43% APR in the week ending June 11, according to rates provided to NerdWallet by Zillow. (A

Inflation spikes to 4.2% in May, highest in three years

(The Center Square) – U.S. inflation rose by 0.5% in May, coming up to 4.2% over the past 12 months, according to data from the U.S. Bureau of Labor Statistics released on Wednesday. The inflation rate is now the highest it has been in the past three

The Social Security trust fund will run dry in 2032 – what that means for retirees and workers who hope to retire

The Social Security trust fund will run dry in 2032 – what that means for retirees and workers who hope to retire

(HOUSTON, TEXAS) Every year, the panel overseeing the trust fund for Social Security and Medicare publishes its annual financial report. And every year, its members make clear that the programs’ reserves will be exhausted by the time Gen X retires – meaning they will no longer be able to pay full

Mortgage Rates Slightly Lower This Week While Jobs Data Portends a Rise

Mortgage Rates Slightly Lower This Week While Jobs Data Portends a Rise

Mortgage rates eased up a bit this week, as markets are no longer panicking at each new development — or social media post — related to the Iran war. The conflict is still exerting a huge influence on rates, though lately the daily ups and downs have mostly canceled each other out.

June Mortgage Outlook: Rates Could Climb as Hopes Fade for a Fed Cut

June Mortgage Outlook: Rates Could Climb as Hopes Fade for a Fed Cut

Mortgage rates are likely to move up in June, though the increase might not be as severe as what customers are seeing at the gas station. Mortgage rates have risen since the U.S. war with Iran began, as gas prices (and subsequently, inflation) jumped. Despite persistent promises from President