From Barchart: 2024-06-14 22:38:20

The Federal Reserve stands firm on interest rates, keeping rates unchanged at 5.25 to 5.50% due to higher than target inflation. They now predict only one rate cut this year instead of the original 3-4 times. This decision has a significant impact on mortgage rates, especially as the 10-year Treasury yield controls them. Home buyers could benefit if short-term rates are cut. Additionally, interest rates are currently on a seasonal downtrend, offering opportunities for those looking to capitalize on lower rates.



Read more at Barchart: Seasonal Downtrend in Interest Rates Gains Momentum