Federal reserve mortgage rate forecast
The Federal Reserve raised interest rates Wednesday for the fourth time this year, but signaled a more patient approach raising rates next year amid signs that the economy is starting to weaken. WASHINGTON — Citing a brighter economic outlook, the Federal Reserve raised its key short-term interest rate Wednesday but maintained its forecast for a total of three hikes this year amid still As expected, the Federal Reserve announced on January 29 that it left the federal funds rate unchanged. Despite the firm grip the Fed has on its interest rate, the rate environment for consumers is far from stable. When that occurs, it gives savers and borrowers an opportunity to improve their situation.