When did the Fed cut rates in 2024

In 2024, the Federal Reserve made a pivotal decision to cut interest rates in response to evolving economic conditions. This strategic move aimed to stimulate growth and support struggling sectors, reflecting the Fed’s ongoing commitment to balancing inflation and employment.

Do mortgage rates follow interest rates

Mortgage rates often mirror interest rate trends, but they’re not identical twins. Influenced by economic factors, lender policies, and market demand, mortgage rates dance to their own rhythm, sometimes in sync, sometimes not.