Mortgage Rate Predictions: How Low Can Rates Go After Jumbo Fed Cut? [CNET News]
First American Corporation (New) (FAF)
Last first american corporation (new) earnings: 4/23 06:45 am
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Source: CNET News
The Federal Reserve cut interest rates by half a percentage point (0.5%) on Wednesday, a bigger cut than many had expected. If you're considering buying a house , you might be wondering if that means mortgage rates will take a plunge. The answer is a bit complicated. While the Fed's actions do influence movement on home loan rates, it's not a 1-to-1 relationship. A variety of economic factors, including the bond market, investor expectations and geopolitical events impact whether mortgage rates go up or down. Crucially, mortgage rates aren't going to plunge by half a percent just because the Fed cut rates by that amount. In the short term, rates could stay flat, fall further or even inch up. For example, some experts said that a more aggressive cut could signal recession fears and spark panic in financial markets. The degree of volatility in mortgage rates largely depends on how the market reacts to Fed Chair Jerome Powell's post-meeting remarks about the economic outlook. We'l
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