The chairman of the U.S. Federal Reserve, Jerome Powell, recently announced that the central bank would be lowering interest rates by one-quarter of a percentage point. The move comes amid
President Trump’s promised update of the United States’ tax code became a reality when the Senate approved its drastic changes in late December 2017. The massive overhaul — the largest
While the United States Federal Reserve doesn’t directly set mortgage interest rates, the actions the Reserve makes can have an indirect effect on mortgages rates and the overall housing market.