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America In Focus: Affordability concerns rise as Fed hikes key rate, mortgage rate reaches nearly 7%

The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly high inflation, and the central bank signaled another rate hike could occur later this year.

Sources (2)+1 copy· Sep 18, 4:51 PM to Sep 19, 4:43 PM

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Fed expected to raise benchmark rate, defying Trump's demandsThe Federal Reserve is widely expected to lift its short-term interest rate for the first time in three years to fight high inflation.

St. Paul Pioneer Press20d agoSources (2)Whole story →

Economy federal reserve rate hike

The Fed just raised rates. Our leaders should be worried about what comes nextThe Federal Reserve raised interest rates for the first time since 2023 as inflation remains elevated. Voters feeling the squeeze on mortgage rates and credit cards may not care.

Fox News20d agoWhole story →

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Trading Day: Lower oil, yields boost stocksWorld stocks paused their recent slide and rebounded strongly on Thursday, and the global bond rout also took a breather, as investors digested the US Federal Reserve's interest rate hike the day before and cheered a second consecutive day of lower oil prices.

Reuters21d agoWhole story →

Planet federal reserve rate hike

Fed's inflation fight shifts to how far rates will have to riseThe Federal Reserve’s decision to raise rates for the first time in three years is opening a new front in its fight against inflation.

WJLA21d agoWhole story →

Economy federal reserve rate hike

Federal Reserve rate hike sparks home price reductions, experts sayThe real estate market is shifting after the Fed's rate hike pushed 30-year mortgage rates to 7.14%. Experts say sellers may need to cut home prices to close deals.

Fox Business21d agoWhole story →

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Since

Fed’s Paulson says modest further rate increases may be neededFederal Reserve Bank of Philadelphia President Anna Paulson said additional interest rate increases may be needed to ensure inflation returns to the central bank’s 2% goal.

Spokane Spokesman-Review14d agoWhole story →

Economy federal reserve rate hike

Fact Check Team: What higher interest rates mean for mortgages, borrowers and saversMortgage rates are back above 7%, adding to the financial pressure facing prospective homebuyers as the Federal Reserve raises its benchmark interest rate.

Baltimore News14d agoWhole story →

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Dollar set for weekly gains as yields surge, Fed bets buildThe dollar was set for its first back-to-back weekly gains in more than three months on Friday, as surging Treasury yields and mounting bets on further Federal ‌Reserve rate hikes kept the greenback near multi-month peaks.

Reuters14d agoWhole story →

Economy federal reserve rate hike

Federal Reserve rate hike reflects new world of sticky inflation and faster growthPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than

Breitbart News Network13d agoWhole story →

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As Bessent Muscles Bank of Japan, the Fed and European Central Bank Set Their Own CoursesLast Wednesday, in the first rate hike in over three years, the Federal Reserve raised its benchmark rate—the Federal Funds Rate—by a quarter of a percentage

EUROPE SAYS12d agoWhole story →

Economy federal reserve rate hike

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Struggling US homebuyers, and market, face new hurdles as mortgage rates climb to nearly 7%Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6.95% from 6.76% last week. One year ago, the average rate was 6.26%. The average rate on 15-year…

The Atlanta Journal-Constitution21d agoWhole story →

Federal Reserve hikes key rate for 1st time in 3 years, defying Trump demands for a cutThe Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White House. The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans,…

The Atlanta Journal-Constitution22d agoWhole story →

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US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing marketMortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6.95% from 6.76% last week. One year ago, the average rate was 6.26%. The average rate on 15-year…

The Atlanta Journal-Constitution21d agoWhole story →

What does a Fed rate hike mean for mortgage rates?Homebuyers face higher borrowing costs after the 30-year fixed rate for mortgages rose last week to its highest level in nearly two years. Don’t just blame the Federal Reserve.

Spokane Spokesman-Review16d agoWhole story →

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Did the Fed raise its interest rate?Federal Reserve voted to increase its benchmark federal funds rate. How will Fed rate hike impact mortgages? What is benchmark interest rate?

Salt Lake City Deseret News22d agoWhole story →

Economy fed rate hike decision

Here’s what a Fed rate hike means for your mortgage, car loan and credit cardsThe Federal Reserve raised interest rates Wednesday for the first time since 2023, but that won’t mean the mortgage rate or car loan you’ve been eyeing will suddenly shoot up.

Spokane Spokesman-Review22d agoWhole story →

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Fed rate hike hits credit cards and car loans as mortgage costs climbThe Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers

Los Angeles Times22d agoWhole story →

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US fixed 30-year mortgage rate jumps to 7.12%, MBA saysThe ‌rate on the most popular US home loan rose last week to its highest in more than two years, after the Federal Reserve lifted short-term interest rates to combat inflation, and rising oil prices drove up Treasury yields that underpin residential borrowing costs.

Reuters15d agoWhole story →

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