Daily mortgage rates for Sept. 18, 2024: Average rates show modest movement ahead of expected Fed rate cut
Average mortgage rates show modest movement as of Wednesday, September 18, 2024, as the Federal Reserve concludes its sixth policy session of the year. The Fed is expected to announce a cut to its benchmark interest rate this afternoon, the first since it began raising rates in March 2022. While the Fed typically opts for quarter-point rate changes, the CME FedWatch Tool estimates a 65% probability for a deeper half-point cut to a range of 4.75% to 5.00%. While mortgage rates aren't tied to the Fed rate... Читать дальше...
