Fed Lowers Interest Rate Target
This is a news story, published by CNBC, that relates primarily to Federal Reserve news.
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mortgage ratesCNBC
•How the Federal Reserve's rate policy affects mortgages
84% Informative
Federal Reserve lowered its interest rate target three times in 2024 .
Rates are more closely tied to long-term borrowing rates for government debt.
The 10-year Treasury note yield has been increasing in recent months .
This, combined with signals from the market for mortgage-backed securities, determine the rates issued within new mortgages.
VR Score
90
Informative language
91
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English
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