Find the Best 30-Year Mortgage Rates

Here's how to find the best 30-year mortgage rates

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At the most recent policy-setting meeting, the Federal Reserve held interest rates steady for the seventh consecutive time, keeping the federal funds rate at a target range of 5.25% to 5.5%, the highest it’s been in 23 years. Previously the Federal Reserve projected three interest rate cuts in 2024, but because of higher-than-expected inflation, officials now estimate just one quarter-point cut for the year.

The official statement reads: "In support of its goals, the Committee decided to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent. In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent."

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Erin Bendig
Personal Finance Writer

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.