Fed Talk
Fed Talk
- 30-Year Fixed-Rate: 7.32% (down slightly from 7.40% the previous week) [1]
- 15-Year Fixed-Rate: 6.68% (down slightly from 6.71% the previous week) [1]
- Federal Funds Rate: The Federal Reserve recently held its benchmark interest rate steady at a target range of 3.75% to 4%. [1]
- Direct vs. Indirect: The Fed does not set mortgage rates directly. Instead, fixed mortgage rates generally track 10-year Treasury yields and bond market sentiment
Fed Talk
Fed hold firms on interest rates.
Fed Talk
- Nominee Experience: Warsh, 55, is a former member of the Federal Reserve Board of Governors (2006–2011) and currently serves as a visiting fellow at Stanford University’s Hoover Institution.
- Confirmation Process: The nomination must be confirmed by the Senate, where it will be considered by the Banking Committee chaired by Senator Tim Scott.
- Market Context: Investors generally view Warsh as a candidate who may favor lower interest rates, aligned with President Trump’s public calls for more aggressive rate cuts.
- Political Obstacles: Some senators, including Senator Thom Tillis, have signaled they may oppose any nominee until a Justice Department investigation into Jerome Powell’s testimony regarding Fed headquarters renovations is resolved.
| Attribute | Detail |
|---|---|
| Education | Stanford University (BA), Harvard Law School (JD) |
| Previous Roles | Morgan Stanley investment banker, Advisor to President George W. Bush |
| Fed History | Youngest-ever governor at age 35; served during the 2008 financial crisis |
| Family Ties | Married to Jane Lauder, granddaughter of Estée Lauder |
Fed Talk
There is more talk about the Fed cutting a half-point on Wednesday. If they only drop 1/4%, mortgage rates will probably rise because at least that much is already priced in today.
It won’t mean much for the long-time active listings unless they lower their price.
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The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third-party sources, including sellers, lessors, landlords, and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, noncommercial use of consumers having a good faith interest in purchasing, leasing, or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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Updated: Boston Real Estate Blog 2024
