The Federal Reserve raised interest rates again at its last meeting, hiking the federal funds rate by 25-basis points. This is the eighth consecutive increase since March 2022 but was also the smallest increase. While that gave investors some hope that the Fed will continue to slow down its quantitative tightening (QT) measures, the Fed remains hawkish in its approach saying “ongoing increases in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time.” Essentially, don’t look for the Fed to lower the overnight lending rate any time soon.
Continue reading Mortgage rates continue to trend lower at Movement Mortgage Blog.
