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Mortgage Rates Dropping Lower in 2025 Depends on Fed's Rate Cuts
Express News | Fed's Hammack Says The Banking System Is In A Very Healthy Place; Consumers Really Supporting Economy, Household Balance Sheets Solid
Average Rate on a 30-year Mortgage in the US Falls to 6.69%
The interbank certificates of deposit are "crazy," and expectations for further easing of monetary policy have increased.
① The rates of interbank certificates of deposit for various maturities have significantly decreased, with some maturities dropping by 20 basis points, marking the largest single-day decline in recent years. ② The central bank governor, pan gongsheng, stated that next year, a supportive mmf policy stance will be maintained, with increased counter-cyclical adjustment efforts. ③ The one-year interbank certificate of deposit may indicate signs of an easing mmf policy.
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