Fed cuts key rate again
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Interest rates should continue their downward journey, as forecasters expect another rate cut from the Fed on Oct. 29. Are more cuts coming?
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What will happen to mortgage rates this November if there's no Fed meeting? Experts weigh in.
"If the Fed doesn't meet in November, I expect mortgage rates to drift with the bond market … modest day-to-day moves, not big swings," says Steven Glick, director of mortgage sales at real estate investment fintech company HomeAbroad.
Stocks and bonds initially rallied after the central bank cut interest rates on Sept. 17, but began giving up those gains before Federal Reserve Chair Jerome Powell started his post-meeting press conference.
Follow MarketWatch's live coverage of Wednesday's Federal Reserve decisions, after the central bank cut interest rates by 25 basis points and said it's ending its program of "quantitative tightening" on Dec.