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At the conclusion of its third rate-setting policy meeting of the year on May 1, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50%, marking ...
The current average rate for a 30-year fixed mortgage is 7.36% for both purchase and refinance — down 1 basis point from 7.37% for purchase and down 2 basis points from 7.38% for refinance last ...
At the conclusion of its third rate-setting policy meeting of the year on May 1, 2024, the Federal Reserve left the federal funds target interest rate at a 23-year high of 5.25% to 5.50%, marking ...