What Is The Federal Interest Rate

Texas Refi Mortgage Rates That dropped from 3.81% to 3.81%. The 15-year fixed rates are now at 3.38%. The 5/1 arm mortgage for Texas is now at 4.17%. If you’re looking for Texas mortgage rates or refinance rates to fund a home purchase loan, mortgage refinance, or even a home equity loan or second mortgage in Texas, you’ve come to the right place.

 · Investors abandon floating rate products in expectation of interest rate cuts by the Fed. Save. Previous You are on page 1 Next. Topics related to Govt/public service/NGO

 · The Federal Reserve on Wednesday cut its benchmark interest rate by a quarter percentage point, the first cut since the 2008 financial crisis. The new short-term range will be between 2% and 2.25%.

15 Year Refinance Rates Graph

For the first time since the start of the recession more than a decade ago, the Federal Reserve is poised to cut interest rates in hopes of shielding the 11-year economic expansion from growing.

Due to massive debt, low interest rates overseas and the global economy it looks as though we may end up getting permanently shafted interest rate wise. If the FED can do multiple rate cuts in a good economy without any reason other than this "insurance" BS then we are in trouble.

Interest Rates On Fha Loans Today FHA mortgage rates hew closely to the mortgage rates on traditional home loans. If the average interest rate on a 30-year fixed-rate mortgage stands at 5.4 percent, you can figure that the average FHA mortgage rate is nearly the same. This makes these loans even more attractive. Another positive of FHA loans is that it is relatively easy for borrowers to qualify for them.

target range for the fed funds rate to 2.25% – 2.50%. Therefore, the United States Prime Rate is now 5.50%, effective tomorrow (December 20, 2018.) > June 19, 2019 UPDATE < The next FOMC meeting and decision on short-term interest rates will be on July 31, 2019.

Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation.

Interest rates on new fixed-rate mortgages could also climb. The average 30-year fixed mortgage rate recently hit a seven-year high, before retreating a bit to 4.54 percent.

The Federal Reserve on Wednesday lowered interest rates for the first time since the Great Recession in 2008 to help stave.

Fed announces another interest rate hike, the 4th this year The current federal funds rate remained at 2.5% when the Federal open market committee met on June 19, 2019. This benchmark rate is an indicator of the economy’s health. This benchmark rate is an indicator of the economy’s health.

Today’S Mortgage Rates Texas 30 years mortgage rate chart mortgage rates for Texas on Lender411 for 30-year fixed-rate mortgages are at 3.81%. That increased from 3.77% to 3.81%. The 15-year fixed rates are now at 3.38%.

Fed Funds Rate. Fed Funds Rate (Current target rate 1.75-2.00) 2.00 2.00 1.25 What it means: The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis. The law requires banks to keep a certain percentage of their customer’s money on reserve, where the banks earn no interest on it.