Eight times a year, the Federal Open Market Committee (FOMC) of the Federal Reserve meets to assess the economy and determine whether it should adjust the federal funds rate. That may not sound like ...

During its September meeting, the Federal Reserve's monetary committee voted to cut its key interest rate by 25 basis points, which brings the target federal funds rate down to 4.25%, according to the ...

Chicago’s housing market could see a “feeding frenzy” next year if mortgage rates continue to slide off the Fed’s easing interest rates, but where rates and the market are going is uncertain. Mortgage ...

The Federal Reserve cut its benchmark interest rate for the first time in nine months. Since the last cut, progress on inflation has slowed while the labor market has cooled. That means Americans are ...

It may have taken a while, but the stars have aligned, and you finally found your dream home. Now it is just a matter of how to pay for it. In today’s competitive market, you probably won’t have time ...

The Federal Reserve officially lowered its benchmark interest rate by 0.25% during its September meeting, a move that was aimed at boosting a stalling labor market. The highly-anticipated rate cut, ...

House hunters, now's the time to lock in the best mortgage interest rate we've seen in nearly a year. If you're shopping for a new-to-you abode or a new construction home, mortgage rates are expected ...

It was the first rate cut this year, the Fed opted for a quarter-point cut to the central bank's benchmark rate, set between 4 and 4.25 percent. It's a move Chris Mediate says is a step in the right ...