The Fed left the interest rates the same when they met on January 31, 2024. They stated that there are currently no plans to cut rates, as inflation is still above the central bank’s goal of 2%. They also indicated that as of right now, there are no plans to hike rates. Fed Chair Jerome [...]
The Fed left the interest rates the same when they met on December 13, 2023. They also indicated they may see up to three drops in rates in 2024, since they have been moving at a pace of .25% each change - and they expect to drop a total of .75% next year. The Fed [...]
The Fed did not hike interest rates at the beginning of November 2023. This is a continued pause after the Fed also did not raise rates in September 2023. What does this mean for you and possibly buying a new Baltimore home and getting a mortgage? There should not be much of an effect on [...]