What the Fed's interest rate cuts mean for your money [CNN]
Federal Home Loan Mortgage Corporation (FMCC)
NASDAQ:AMEX Investor Relations:
freddiemac.com/investors
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Source: CNN
Fed watchers also expect the central bank may cut the rate once more this year, by another quarter point, at its December meeting. If so, that would mean the fed funds rate, which directly or indirectly influences the rates on a host of consumer savings and lending products across the economy, would have dropped by a full percentage point by year-end. But that doesn't mean as a result interest rates are now low — or will soon be low. “‘Falling interest rates' are not the same as ‘low interest rates.' Interest rates are high and will only decline to ‘not as high' as … we move into 2025,” said Greg McBride, chief financial analyst at Bankrate. Here's a breakdown of how far rates have fallen on your savings, loans and investments, and what experts see going forward. Assessing your debts The rate environment is still not much friendlier for those carrying debt. Credit cards: Just before the Fed cut its key rate in September, the average credit card rate was 20.78%, according
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News
- Greystone Management Solutions Restructures as the Greystone Real Estate Advisory Group [Yahoo! Finance]Yahoo! Finance
- The Fed just cut interest rates again, this time by a quarter of a percentage point [FOX Business Network]FOX Business Network
- What the Fed's interest rate cuts mean for your money [CNN]CNN
- What the Fed's interest rate cuts mean for your money [CNN]CNN
- Fed Cut Interest Rates, So Why Do Mortgage Rates Keep Climbing? [Forbes]Forbes
FMCC
Sec Filings
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- 11/6/24 - Form ABS-15G/A
- FMCC's page on the SEC website