Senate votes on bill to reopen government
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Fed Cuts Interest Rates Again to Protect Jobs
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Follow live coverage of the October Federal Reserve meeting that started Tuesday. The Federal Open Market Committee's interest-rate decision is due Wednesday, and will be followed by a press conference from Fed Chair Jerome Powell.
Rates have been dropping ahead of the October Federal Reserve meeting, which will conclude today. Average 30-year mortgage rates are now 85 basis points down from where they started the year, according to Freddie Mac. For borrowers who have rates in the 7% or 8% range, the recent drop in rates could make refinancing worthwhile.