Fed Cuts Rates in Third-Consecutive Meeting While Existing Sales Rise
December 20, 2024
December 20, 2024
WASHINGTON, Dec. 20 -- Fannie Mae issued the following news release:
(The Fannie Mae Economic & Housing Weekly Note will not be published for the next two weeks.)
Key Takeaways:
The Fed's rate cut was in line with market and our own expectations. The updated SEP, which shows fewer rate cuts over the next two years compared to the September SEP, could potentially move mortgage rates higher given the recent upward movement in the 10-year Treasury note rat . . .
(The Fannie Mae Economic & Housing Weekly Note will not be published for the next two weeks.)
Key Takeaways:
The Fed's rate cut was in line with market and our own expectations. The updated SEP, which shows fewer rate cuts over the next two years compared to the September SEP, could potentially move mortgage rates higher given the recent upward movement in the 10-year Treasury note rat . . .