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☆ Insider Today: Eldest-daughter syndrome
▼ + stars: | 2024-09-21 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

On the agenda:This story is available exclusively to Business Insider subscribers. AdvertisementSara Arbelaez-Chujfi told Business Insider reporter Maria Noyen earlier this year that her 2-year-old had already flown 80 times, half in business class. According to travel company Going, the price of a single business class ticket typically ranges from $3,000 to $5,000. "In business class, we have a lot less people to cater to and you are paying for more of an experience. More of this week's top reads:The Insider Today team: Dan DeFrancesco, deputy editor and anchor, in New York City.

Persons: —, Sara Arbelaez, Chujfi, Maria Noyen, Jill Robbins, , Lululemon, Ralph Lauren, Tyler Le, Gwyneth Paltrow, she's, Gracia Lam, Anneta, Tulum, it's, haven't, Valise, Chuck Zlotnic, All, Joan Vassos, Lyle, Erik Menendez, Ryan Murphy's, Rebecca Zisser, Dan DeFrancesco, Jordan Parker Erb, Lisa Ryan, Amanda Yen, Grace Lett Organizations: Service, Business, Getty, American Airlines, Landry, Marvel, Hulu, Netflix Locations: North Carolina, San Antonio , Texas, Tel Aviv, Israel, La, New York City, New York, Chicago

☆ My ex and I are close friends, and he sometimes wants to get back together. My new boyfriend approves of our friendship anyway.
▼ + stars: | 2024-09-21 | by ( Ariella Steinhorn | ) www.businessinsider.com time to read: +5 min

My last serious romantic relationship was one of the most important relationships of my life. I was nervous when I told Cooper about my close relationship with Moses. The short relationships I had between Moses and Cooper made me extremely anxious about my friendship with Moses. It's unusual to remain in such close contact with an ex — especially one who wants to get back together — without a new partner feeling some pangs of jealousy. Before meeting me, Cooper was in an emotionally and financially stifling relationship where he felt prohibited from spending time with his friends.

Persons: Moses, Moses —, —, Cooper Organizations: Service, Business Locations: Manhattan, Los Angeles, New York, Sydney, Edinburgh, Scotland, Brooklyn

☆ Childcare workers say JD Vance's idea to have family help out more with kids isn't feasible: 'Grandparents should not be the fallback'
▼ + stars: | 2024-09-21 | by ( Eliza Relman | Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Childcare is often top of mind for parents — and it might also be a deciding factor at the ballot box. Many parents just don't have the luxury of relying on family to provide childcare, Drew said, and they shouldn't have to. Schell said that grandparents have actually stepped in to help provide childcare for some parents, especially during the pandemic. Bock said that it would be helpful to find a way to pay grandparents for childcare responsibilities. AdvertisementBut without that extra support, handing childcare over to grandparents isn't feasible.

Persons: —, Ohio Sen, JD Vance, Donald Trump's, Charlie Kirk, Vance, Kirk, he's, Taylor Van Kirk, Debbie Drew, wasn't, Drew, Wendi Schell, Schell, Renee Bock, Bock, " Bock, Elliot Haspel, It's, it's Organizations: Service, Business, Teachers, Republicans, New York Department of Education, Social Security, Capita Locations: Portage , Wisconsin, Bronx

Now that the Fed has cut rates, mortgage rates may not drop much further in the near term. But if the Fed doesn't lower rates as much as expected this year, mortgage rates may hold steady or even inch up. But rates are still expected to come down further, so it may also be worth waiting to see how low mortgage rates go. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile.

Persons: Lawrence Yun, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal Reserve, Wednesday, National Association of Realtors, Consumers, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: Chevron

☆ Apple iPhone 16, Apple Watch Series 10 and AirPods 4 debut around the world
▼ + stars: | 2024-09-20 | by ( Todd Haselton | ) www.cnbc.com time to read: +3 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowApple on Friday greeted customers at its stores around the world for the debuts of the iPhone 16, Apple Watch Series 10 and AirPods 4. The software advancements will only be available on iPhone 16 and last year's iPhone 15 Pro devices. A view of Apple's new iPhone 16 at an Apple Store on the Regent Street in London, United Kingdom on September 20, 2024. Last year, UBS wrote, customers had a 41-day wait time for some iPhone 15 Pro Max preorders compared to a 26-day wait time for the iPhone 16 Pro Max this year. Devices of the new Apple Watch Series 10 model are on display after the presentation at Apple headquarters.

Persons: Siri, Rasid, Chi Kuo, shouldn't overreact, Max preorders, Max, Andrej Sokolow Organizations: Apple, Apple Intelligence, Anadolu, Getty, TF Securities Analyst Ming, Barclays, JPMorgan, Bank of America, UBS, Pro Locations: New York City, London, United Kingdom, China

☆ Pesky medical bill? Most people don't take a key step to manage that debt, study finds
▼ + stars: | 2024-09-20 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Getty ImagesConsumers may feel their medical bills are unyielding, inflexible, set in stone. About 26% of people who called because they disagreed with a charge or couldn't afford to pay it got their medical bill corrected after the outreach, according to the study, published in August. About 1 out of 5 respondents reported receiving a medical bill with which they disagreed or could not afford within the prior 12 months. How to manage medical billsConsumers should ask up front what a medical visit or procedure will cost, or inquire what the estimated cost will be, she said. Sometimes, consumers will pay "a heck of a lot less" if they pay in cash rather than via insurance, McClanahan said.

Persons: that's, Erin Duffy, Stocks, Duffy, Carolyn McClanahan, McClanahan Organizations: Getty, University of Southern, USC Schaeffer Center for Health, Economics, Finance, Savings, Bills, Financial, Planning Partners Locations: University of Southern California, Jacksonville , Florida

☆ What normalizing the yield curve means — and why investors should care
▼ + stars: | 2024-09-20 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

It also means lots of talk from the experts about "normalizing the yield curve" in the bond market — meaning getting back to a setup where bonds with longer maturities yield higher rates than those with shorter-term maturities. That's referred to as "yield curve inversion," which has historically signaled an upcoming recession. Currently, however, the yield curve looks more like a check mark than a gradually rising hill. An inverted Treasury yield curve messes with that dynamic. Everyone, from private citizens to multinational corporations benefits from a normalized yield curve because normal means less uncertainty, which means more predictability.

Persons: Jerome Powell, shouldn't, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, William McChesney Martin Jr, Anna Moneymaker Organizations: Federal Reserve, Fed, Treasury, CNBC, Federal, Getty Locations: U.S, Washington , DC

☆ I can't ask my kids' grandparents for help with childcare. One set lives hours away, and the other is not in great health.
▼ + stars: | 2024-09-20 | by ( Jane Ridley | ) www.businessinsider.com time to read: +5 min

It's a blanket assumption to think everybody has access to grandparents — or still has grandparents alive. AdvertisementHealth and distance get in the way of helpMy parents live just 15 minutes away, so you might assume they can help. They can't — and, at this stage, won't — because they're in poor health, and my dad works very long hours. They're both employed and can't assist us when we need them unless it's planned months in advance. "After everything was finished, my dad said, '"We really can't do this anymore."

Persons: —, Victoria Thorsen, Sen, JD Vance, Vance, They're, it's, It's, — aren't, they're Organizations: Service, Business Locations: Pennsylvania

☆ Lebanon reels from second day of explosions and Sean 'Diddy' Combs denied bail: Morning Rundown
▼ + stars: | 2024-09-19 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +8 min

Sean “Diddy” Combs remains jailed after his bond appeal was rejected, in part because of witness intimidation allegations. Israel declares a ‘’new phase’’ of war as Lebanon reels from a second day of deadly device explosions. Sean ‘Diddy’ Combs loses second bail requestSean "Diddy" Combs was denied bail for a second time this week in his sex trafficking and racketeering case, leaving the rapper-turned-mogul to remain at a New York jail his legal team called "horrific" until the start of his trial. According to prosecutors, Combs allegedly called or texted Kalenna Harper, one of his protégées, 58 times in four days. More coverage of Sean ‘Diddy’ Combs’ case:Among the next questions Combs’ legal team could raise is whether he can be transferred to another facility.

Persons: Sean “ Diddy ” Combs, Israel, Sean ‘ Diddy ’ Combs, Sean, Diddy, Combs, Kalenna Harper, protégée, Harper, Andrew Carter, Carter, He’s, “, pagers, Hassan Nasrallah, pagers —, Mike Johnson, hasn’t, Kamala Harris, Donald Trump, Trump, Sen, Lindsey Graham, Suni Lee, Jordan Chiles, Jade Carey, ”, Ariana Grande, Michael Keaton, Jean Smart, Harvey Weinstein, Elon Musk’s, Jean Catuffe, Elon Musk, Musk, — David Ingram, Elizabeth Robinson Organizations: U.S, District, Metropolitan Detention, MDC, Israel, Commonwealth Fund, Republicans, Teamsters, Howard University, Electoral, Reserve, NCAA, Elon, Tenet Media, NBC Locations: Lebanon, New York, Brooklyn, Japan, Iran, Gaza, Israel, Here’s, U.S, Canada, France, Germany, United Kingdom, Springfield, Ohio, “, Kentucky, Russian, Russia, Ukraine

☆ Billionaire tech CEO says bosses shouldn't 'BS' employees about the impact AI will have on jobs
▼ + stars: | 2024-09-19 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Corporate leaders can't "bulls---" their employees about the impact of artificial intelligence on the workforce and the ways in which the technology will affect jobs more broadly, according to one tech billionaire. "If I could give any advice, it's that everybody should be a student of AI and tech and not be afraid of it." Even though it's a given AI will impact the workforce, "none of us have it all completely figured out," he said. "If anybody comes in and tells you, 'I can tell you exactly how this is going to impact jobs and how it's going to impact everything we're doing,' they're lying. Kavanaugh co-founded WWT in 1990 with fellow St. Louis, Missouri-based entrepreneur David Steward as a reseller of technology equipment.

Persons: Jim Kavanaugh, Kavanaugh, David Steward Organizations: CNBC, Forbes, U.S, team Locations: Louis , Missouri, Los Angeles

☆ Amazon's RTO policy is the right decision, according to a Gen Z founder who said most of his employees come in 5 days a week
▼ + stars: | 2024-09-19 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

He founded an AI startup in 2023 and told BI the majority of his 14 employees come in five days a week. "Remote work benefits people who are more stable in their career at the expense of people who are junior," he said. BI has reported on multiple Gen Z employees who feel isolated and restricted by their remote working environment. Advertisement"If you're a new grad and you're starting a job and you just work a remote job, you're just shooting yourself in the foot," he said. He told BI, "Four or five years ago, this was the norm," adding, "Why are we even thinking remote work is normal?"

Persons: —, Jeffrey Wang, Wang, Everyone's Organizations: Service, Plaid, Harvard, Business, Tech, Networking, BI Locations: San Francisco, Hawaii

☆ Warren Buffett's death plan dodges taxes and will make his kids 'philanthropic titans,' says wealth inequality guru
▼ + stars: | 2024-09-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. On the positive side, he's not creating private wealth dynasties. But his children will become philanthropic titans by wielding taxpayer-subsidized private power through enormous charitable foundations upon his death. A progressive annual wealth tax, with rates becoming steeper as wealth goes above $1 billion. A cap on the charitable deduction so that wealthy people, like Buffett, don't get to opt out entirely of paying taxes.

Persons: —, Warren Buffett, Berkshire Hathaway, he's, Chuck Collins, Buffett, Collins, Bill Gates, don't Organizations: Service, Business, Institute for Policy Studies, Berkshire Locations: Berkshire

☆ This star of 'The Secret Lives of Mormon Wives' says her husband is related to Ben Affleck. The genealogy records we found tell a different story.
▼ + stars: | 2024-09-19 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +7 min

And now, the show about a group of Mormon influencers has yet another controversy — this one involving Ben Affleck. Well, Ben Affleck probably shouldn't be involved at all (more on that later). William Preston Affleck was born in 1801 in Scotland and moved to England sometime before 1825, eventually settling in Preston. It's impossible to say definitively that Zac Affleck and Ben Affleck are not very distant cousins. What the public records show, however, is that Zac Affleck and Ben Affleck are not second cousins, or third cousins, or even fourth cousins.

Persons: —, TikTokers, influencers, Ben Affleck, Jennifer Affleck, who's, Zac Affleck, Zac Ben's, Zac, Ben's, Jennifer Lopez's, Ben, they're, Jen, She's, didn't, Dave Affleck, Scotland Ben, Casey Affleck, Chris Pizzello, Ben Affleck's, Affleck, Myron Affleck, Jr, William Affleck, Zac Affleck's, Preston, William Preston Affleck, William, William Smith Muir, Muir, Joseph Smith, it's, William Afflecks Organizations: Service, Business, AP, Hulu, New York Times, Census, Scottish Locations: Utah, Scotland, Boston, Massachusetts, Rhode Island, Yonkers , New York, Glasgow, Yonkers, United States, U.S, Preston, Lancashire, England, Nauvoo , Illinois

☆ From mortgages to auto loans, experts weigh in on when — or if — to refinance as interest rates fall
▼ + stars: | 2024-09-19 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

So, home loan rates may continue to fluctuate. Don't wait to reassess credit card debtWhen it comes to credit card debt, the math is a little more cut-and-dried. In the wake of the rate hike cycle, the average credit card rate rose from 16.34% in March 2022 to more than 20% today — nearing an all-time high. watch nowAlternatively, borrowers can call their card issuer and ask for a lower interest rate on their current card. Auto loan refinancing options depend on equityAlthough auto loans are fixed, the rates on new-car loans will come down with the Fed's moves.

Persons: Jacob Channel, Matt Schulz, Schulz, you've, Ivan Drury, Edmunds Organizations: Treasury, LendingTree, Auto

☆ MIND is a combination of the Mediterranean and DASH diets. A dietitian who wrote a book on it shares 3 mistakes people make when starting out.
▼ + stars: | 2024-09-19 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +4 min

Read previewA dietitian who has written a book on the MIND diet spoke to Business Insider about the most common mistakes people make when starting to follow it. The MIND diet stands for the Mediterranean-DASH Intervention for Neurodegenerative Delay, and combines the principles of the Mediterranean and DASH diets , with added foods for brain health and longevity. Research suggests the MIND diet can help reduce cognitive decline as people age. BI spoke to McGrane about the mistakes people make when following the MIND diet. Related storiesTrying to overhaul your diet overnightMcGrane said that you shouldn't try to completely switch to the MIND diet immediately.

Persons: —, Kelli McGrane, McGrane, You'll, I'd Organizations: Service, Business, US, American Heart Association, Research, Neurology, Harvard, Chan, of Public Health, Beginners

☆ Why rate cuts could actually slow the economy instead of sparking growth
▼ + stars: | 2024-09-19 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The consensus view is that lower rates will stave off a recession by stimulating economic growth through lower borrowing costs. The hidden danger of a double cutHowever, David Kelly of JPMorgan Asset Management warned that lower rates aren't an economic panacea. In fact, the chief global strategist thinks these cuts could, paradoxically, cause the economy to slow in the near term. Advertisement"The important thing to recognize is that cutting interest rates at the start doesn't stimulate the economy at all," Kelly said on CNBC. "There is a J-curve effect; it actually slows the economy because people begin to anticipate those lower rates, so they want to wait for lower rates."

Persons: —, Jim Caron, Claudia Sahm, Jerome Powell, Sahm, Ronald Temple, Kevin Philip of, David Kelly, Kelly, what's, you've, Kelly isn't, it's, they've Organizations: Service, Federal, Business, Fed, Dow Jones, Morgan Stanley Investment Management, CNBC, New Century Advisors, Lazard, Kevin Philip of Bel Air Investment Advisors, JPMorgan Asset Management

☆ Wall Street loves the big rate cut... it just needed a day to think about it
▼ + stars: | 2024-09-19 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The Fed cut rates by a half percentage point on Wednesday, surprising some traders who anticipated a quarter-point reduction. S & P 500 and Nasdaq-100 futures were also up sharply, boosted by gains in tech. Data shows gains ahead And the data shows if a recession is avoided, Fed rate cuts lead to strong gains for stocks. The rate cut also took place with the S & P 500 trading around record levels. "Over the past 40 years, the Fed has cut rates 12 times with the S & P 500 within 1% of an all-time highs.

Persons: Canaccord Genuity, Tom Essaye, BTIG, Jake Fuller Organizations: Federal, Federal Reserve, Dow, Dow Jones, Nasdaq, JPMorgan

Accused sex trafficker Sean "Diddy" Combs was set to return to a New York City courtroom on Wednesday afternoon, where his lawyers will again push for bail and pre-trial freedom from "horrific" jail conditions. Combs came to New York City to surrender to government agents before his arrest, defense lawyers said. Furthermore, Combs said he shouldn't be subjected to rough conditions at a federal lockup in New York City, citing murders and suicides that have occurred in that jail in recent years. "Numerous courts in this district have raised concerns with the horrific conditions of detention here." A grand jury indicted Combs on three felony counts: racketeering, sex trafficking and using transportation to engage in prostitution, court documents showed.

Persons: Sean, Diddy, Combs, Marc Agnifilo, Robyn Tarnofsky Organizations: Metropolitan Detention Locations: New York City, Brooklyn

☆ Stock market today: Indexes edge up ahead of major Fed interest rate decision
▼ + stars: | 2024-09-18 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

US indexes edged higher as investors waited for a likely interest rate cut from the Fed. AdvertisementUS stocks rose on Wednesday as traders readied for what's likely to be the Federal Reserves's first rate cut in four years. "Though consensus is leaning toward a 50 basis point move, we look for the Fed to cut by 25 basis points today. AdvertisementFollowing the interest rate decision, all eyes will be on Fed Chair Jerome Powell, who will deliver prepared remarks during a press conference. "While the market has usually bounced immediately following the 2 PM rate decision, the sell-off usually starts at or near the end of Powell's post-FOMC press conference."

Persons: Jerome Powell's, —, John Lynch, José Torres, Jerome Powell, Powell, shouldn't Organizations: Fed, Traders, Service, Federal, Comerica Wealth Management, Interactive, Deutsche Bank, Investment

☆ Sean 'Diddy' Combs shouldn't expect special treatment at a notorious Brooklyn jail that's like 'hell on earth'
▼ + stars: | 2024-09-18 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

A former warden at the facility told Business Insider that Combs can expect to be treated like any of the other 1,200 inmates at the Brooklyn jail. Advertisement"Any time one is being detained at the Metropolitan Detention Center, it's never going to be a picnic," Cameron Lindsay, the retired warden, told BI. Sean "Diddy" Combs is currently being housed at an infamous Brooklyn jail. "Given his status as a celebrity and a rap star, I would believe, of course, that he would be single-celled and isolated under very austere conditions," Cameron Lindsay told BI. Numerous Courts in this district have raised concerns with the horrific conditions of detention there," Combs' lawyers wrote.

Persons: —, Sean, Diddy, Combs, Kelly, Sam Bankman, Ghislaine Maxwell —, it's, Cameron Lindsay, Mark Bederow, Lucas Jackson, Bederow, Robyn Tarnofsky, Lindsay Organizations: Service, Federal Bureau of Prisons, Metropolitan Detention, Business, MDC Locations: Los Angeles, Miami, Brooklyn, Manhattan, Beverly Hills

☆ Amazon calls workers back 5 days a week—other companies may be 'right behind them,' expert says
▼ + stars: | 2024-09-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

The decision marks a significant shift from Amazon's earlier policy, which required employees to badge in three days a week. Following the announcement, anxious workers have flooded LinkedIn and X feeds with posts wondering if their companies would be next to get rid of flexible work arrangements. Just one-third (33%) of U.S. companies require employees to come to the office five days a week, according to recent data from Flex Index, a platform that tracks companies' flexible work policies. Under 10% of tech companies with more than 1,000 employees have such a requirement. "We might see other smaller tech companies follow Amazon's lead, but most will continue sticking to some kind of hybrid arrangement," he says.

Persons: Andy Jassy, Jassy, we've, Dan Kaplan, haven't, Brian Elliott, hasn't, Kaplan, Elliott, we'll Organizations: Amazon.com Inc, Amazon, Citigroup, Walmart, UPS, Kastle Systems, Flex, Workers, Employees Locations: Seattle , Washington, lockstep, U.S

☆ I'm about to turn 40, and people say I'll regret being child-free. I won't.
▼ + stars: | 2024-09-18 | by ( Gary Nunn | ) www.businessinsider.com time to read: +5 min

I turn 40 next March, so I'm at the age where I'm relatively often asked when I'll have kids. I'm childless because of my choices, and I'm happy this wayI say I'm not childless by choice, but I'm happily childless by the choices I've made in life. AdvertisementJodie Humphries is child-free and wishes people would stop telling people she'll regret not having kids. Courtesy of Jodie HumphriesI don't think people should assume women will regret not having kidsThose same older female relatives will say I'll regret not having my own children. Having kids isn't a duty I need to fulfill as a woman; it should be a decision made thoughtfully and wholeheartedly.

Persons: —, Jodie Humphries, I'm, haven't, I've, it'd, I'd, that's, We've, don't Organizations: Service, Business

☆ CNBC Daily Open: Hoping for a half-point cut
▼ + stars: | 2024-09-18 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Anna Moneymaker | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Without any warning signs flashing red, it's difficult for the Fed to justify lowering rates by more than a quarter point. That's why some economists and analysts hope the Fed will cut by half a point. "But I suspect they'll cut 25," Zandi added.

Persons: Anna Moneymaker, Mark Zandi, they'll, Zandi, Hope, Jeff Cox, Hakyung Kim, Samantha Subin Organizations: Federal Reserve, Getty, CNBC, Dow, Moody's Locations: Washington , DC, U.S

☆ What to do with your money as interest rates drop
▼ + stars: | 2024-09-18 | by ( Business Insider | ) www.businessinsider.com time to read: +4 min

The last time the Federal Reserve Board cut interest rates was in 2020. Read more on buying a house after interest rates drop »Read more on refinance rates after an interest rate drop »Your savings ratesExpect: Savings account and CD rates to start falling. Remember, though: High-yielding money market and savings accounts continue to outearn regular bank accounts even as rates drop. Read more on savings rates after an interest rate drop »Compare Banking OffersYour investmentsExpect: Short-term fluctuations that shouldn't affect long-term strategies. Read more on investing after an interest rate drop »Your credit card debtExpect: More of the same.

Persons: We're, Read, you've Organizations: Federal Reserve Board, Fed, overreacting, Federal

☆ The Fed is poised for its first rate cut in years, but it may be too soon to refinance your mortgage
▼ + stars: | 2024-09-18 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

The Federal Reserve is poised to make its first interest rate cut in years on Wednesday. While mortgage rates are partly influenced by the Fed's policy, they are also tied to Treasury yields and the economy. Home loan rates have already started to come down in recent weeks, slightly induced in part by favorable economic data and indications the Fed could cut rates. As of Thursday, Sept. 12, the average 30-year fixed rate mortgage in the U.S. was 6.20%, according to Freddie Mac data via the Fed. "It's almost impossible to figure out what mortgage rates are going to do from week to week or month to month," Ostrowski said.

Persons: Chen Zhao, Freddie Mac, Jeff Ostrowski, Ostrowski Organizations: Federal, CNBC, Treasury, Finance Locations: Redfin, U.S

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