Fed pauses interest rate cuts

The rate fell to 6.95% from 6.96% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.63%.
The mortgage rate drop provides little relief for prospective shoppers looking ahead to the spring homebuying season.
It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the ...
In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
The average rate remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying ...
Friday, ending the week just a few basis points above their lowest level of the new year. Many other loan types also saw ...
U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in ...