The Federal Reserve maintains a constant interest rate, as it is expected to see the impact of definitions

Federal Reserve Maintain fixed rates In its target range of 4 % to 4.25 %, they are waiting for how President Donald Trump’s tariff will affect the economy.

Currently, Federal Reserve Chairman Jerome Powell said that the central bank is in the right place to monitor the tariff for the economy before making a decision on further cuts in interest rates. Currently, the mandate remains as it is: Get inflation to a 2 % targeted rate. The decision comes even with a Negatization in the first quarter of GDP reading. US GDP decreased by 0.3 % annual. This was the first quarter of the growth of domestic GDP since the first quarter of 2022.

“While GDP recorded a moderate decrease in the first quarter, which raised concerns about the recession, the broader economic data emphasizes continuous flexibility,” and the new deputy head of the National Assembly, George Rato, He said in a statement. “The main danger to economic activity is the continuation of financial pressure on families coming from higher monthly bills, in addition to the threat that is looming on the horizon of workers’ demobilization.”

The Federal Reserve expected discounts in interest rates for this year, but the impact of how President Trump’s tariff played this plan. Powell said that the Federal Reserve is in a good place to think about politics to respond immediately and possible developments, including price discounts.

“Despite the increasing uncertainty, the economy is still in a strong position,” said Powell. At a press conference Wednesday. “The unemployment rate is still low, the labor market in or near the maximum employment. Inflation has decreased significantly but it has exceeded our long goal by 2 %.”

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Mortgage rates will not increase in time to buy the summer house

With no visual reduction, the ability to withstand housing costs will remain a major challenge for most Americans, whether they are looking for purchase or rent, according to Raitu.

The mortgage rates are likely to remain in the 6 % range that they have kept over the past six months without a procedure from the Federal Reserve. House prices are approximately 50 % higher than in 2019. This means that with current mortgage rates, buyers face a monthly payment of $ 2200 on a medium price house.

“The administrative founder of the administrative founder of the founder and administrative director of Victor Kozntsov, the co -founder of the administrative founder of the administrative founder of the founder and administrative director in Victor Kozntsov, co -founder of the administrative founder of the administrative founder of the administrative founder of the founder and administrative director in Victor Cozntsov, the co -founder of the administrative founder of administrative assets: “A scenario is the best case for mortgage rates is stirring slightly higher than the 6 % mark for the next two years.” “The ordinary American family has adopted a strategy to wait and establish with regard to mortgage rates, as it also seeks to reduce the monthly consumer spending amid the current economic uncertainty.

“The good news is that employment and home prices are still strong, so families will be in a better position to buy or re -financing a house in the coming months, especially if the rates decrease to less than 6 %,” Kuznetsov continued.

The mortgage rates are expected to remain flat during the summer housing market. The Mortgage Banking Association expects that the Federal Reserve will resume reducing short -term interest rates in the second half of the year. “When heading to the fall, if the inflation is cool as expected, the mortgage rates will begin to decrease slowly and steadily, and ends from 2025 about 6 %,” said Ryan Marshall, CEO of Foxacar.

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The lending picks up despite the high rates

Some buyers are not waiting for the low interest rates, and they have chosen the lending recently as consumers amended their outlook and expectations, according to Michel Raniri, Vice President of Transnion and head of American Research and Consulting.

“Although the possibility is still present for potential price discounts later this year, the economic image is complicated, and it is too early to know whether these cuts have occurred,” Raniri said. “We started to see some positive signs of lending – real estate loans, household shares and car financing showing signs of life after a few slow years.

“However, these gains are likely to remain gradual until the prices begin to decline, as many borrowers hesitate to obtain a loan at today’s prices, especially if they currently have a loan at a much lower rate,” Raniri continued.

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