Fed drops rate for 1st time since 2020

Fed drops rate for 1st time since 2020

  • Beverly Barnett
  • 09/23/24

Fed drops rate for 1st time since 2020; 30-year loan rate just above 6%; inflation lowest since early 2021

The Fed dropped its benchmark rate today by half a point:  As illustrated, once the Fed decides a change in direction is warranted, it can make significant changes quickly.

 
 
The daily average 30-year rate is running a little above 6% (though it actually ticked up slightly a few days ago).
 
 
Stock markets as of 9/18: 
 
 
The general inflation rate dropped in August to its lowest reading since early 2021. 
 
 
 
 

Selling A Home?

Curious what the value of your home is in today's market?

Buying A Home?

Browse our exclusive properties in the area.

Work With Us

Beverly prides herself in making each client feel as if they’re her only client. She is supported by a full-time associate, transaction coordinator, and an incredible marketing team, leaving no part of her business unaccounted for.

Follow Us on Instagram