How the Fed’s Interest Rate Decisions Affect Mortgage Rates
Thursday, February 13th, 2020
How the Fed’s Interest Rate Decisions Affect Mortgage Rates (TNS)—The Fed lowered rates by a quarter of a percentage point Wednesday, for the third time this year, in an 8-2 vote. Citing “global developments for the economic outlook as well as muted inflation pressures” in a statement released by the Federal Reserve, policymakers dropped the target range for the federal funds rate to 1-1/2 to 1-3/4 percent.