federal reserve

Where To Buy: 5 Cities With the Best Home Appreciation Rates in 2024

The U.S. Federal Reserve's steady interest rates could boost housing affordability nationwide. Mortgage rates dropped to 6.87% after hitting 7.22% in May 2024. Experts predict housing prices may rise faster if rates decline further. Cities like Oxford, MS, and Dodge City, KS, are experiencing rapid home appreciation. Statesboro, GA, and Hartford, CT, also show significant growth. Smaller cities are...

Newspaper printing press with inset photo of man in blue blazer overlooking city buildings.

What’s next for US interest rates?

The Federal Reserve has decided to keep interest rates unchanged for the second consecutive month, but there is a possibility of a rate hike in December. The benchmark interest rate remains at its highest level in 22 years. The next interest rate decision will be made in December, and it is uncertain whether rates will be raised. The Fed uses interest rates to stimulate or slow down the economy. Rate...