Dean Greenberg, President of Greenberg Financial Group explained that interest rates on mortgages actually went up after the Federal Reserve's decision to drop federal interest rates.

Analysis of the Federal Reserve's recent rate cuts and cautious approach towards future economic policies in response to President-elect Trump's impact.

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Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages,

The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.

The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

With the federal funds rate finishing 2024 at a 4.25%-4.50% target range, the updated SEP shows two 25-basis-point rate cuts in 2025,according to the median projection, compared with the previous estimate of 100 bps of easing.

The Federal Reserve's policy committee kicked off its two-day meeting Tuesday amid expectations the central bank will cut interest rates for the third straight time. Here's what you need to know.