pwshub.com

How the Federal Reserve Affects Mortgage Rates in 2024

Article updated on Sep 18, 2024

The Fed is starting to cut interest rates, which could spark a shift in an unaffordable mortgage market.

Why You Can Trust CNET Money

Our Experts

Katherine WattLaura Michelle Davis

Written by 

Katherine Watt

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in English literature.

See full bio

Edited by 

Laura Michelle Davis

Laura Michelle Davis

Editor

Laura is a professional nitpicker and good-humored troubleshooter with over 10 years of experience in print and digital publishing. Before becoming an editor with CNET, she worked as an English teacher, Spanish medical interpreter, copy editor and proofreader. She is a fearless but flexible defender of both grammar and weightlifting, and firmly believes that technology should serve the people. Her first computer was a Macintosh Plus.

See full bio

CNET staff -- not advertisers, partners or business interests -- determine how we review the products and services we cover. If you buy through our links, we may get paid.

Reviews ethics statement

Viva Tung/CNET

Katherine Watt

Written by

Katherine Watt

Writer

Katherine Watt is a CNET Money writer focusing on mortgages, home equity and banking. She previously wrote about personal finance for NextAdvisor. Based in New York, Katherine graduated summa cum laude from Colgate University with a bachelor's degree in English literature.

Source: cnet.com

Related stories
3 weeks ago - With the Federal Reserve planning additional interest rate cuts this year, how low can mortgage rates go? Here's what to know.
2 weeks ago - After the Federal Reserve cut interest rates last week, mortgage rates have been mostly unchanged. Here's what homebuyers should know.
1 month ago - The Federal Reserve will cut interest rates, either by 0.25% or 0.5%, tomorrow. Here's what that means for mortgage rates.
1 week ago - Despite the Federal Reserve cutting interest rates last month, strong economic data is pushing home loan rates back up.
2 weeks ago - Despite the Federal Reserve's interest rate cut last month, mortgage rates aren't nosediving. Here's what homebuyers should know.
Other stories
6 minutes ago - Western Digital recently announced new data center HDDs that increase Shingled Magnetic Recording (SMR) capacity to 32TB and Conventional Magnetic Recording (CMR) capacity to 26TB. The company achieved these unprecedented capacities by...
41 minutes ago - Here's today's Connections answer and hints for groups. These clues will help you solve New York Times' popular puzzle game, Connections, every day!
41 minutes ago - Here's today's Strands answers and hints. These clues will help you solve The New York Times' popular puzzle game, Strands, every day.
41 minutes ago - Here's today's Connections answer and hints for groups. These clues will help you solve New York Times' popular puzzle game, Connections, every day!
42 minutes ago - Here's today's Wordle answer, plus a look at spoiler-free hints and past solutions. These clues will help you solve New York Times' popular puzzle game, Wordle, every day!