Mortgage rates jump amid interest rate cut uncertainty. What it means for homebuyers. [Yahoo! Finance]
BOK Financial Corporation (BOKF)
Last bok financial corporation earnings: 4/22 07:55 am
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Source: Yahoo! Finance
The Federal Reserve on Oct. 29 lowered its short-term benchmark rate by a quarter point to 3.75%-4%. However, Fed Chair Jerome Powell said in a press conference a December rate cut “is not a foregone conclusion," dashing market expectations for one. The CME Fed Watch tool , which tracks the likelihood for a rate move at each Fed meeting, showed chances falling to just 66.6% after the Fed meeting and currently hover near 73%. Still, that's a far cry from the 91.1% probability a week earlier. Mortgage rates, which were sitting near their lowest levels of the year heading into the meeting around 6.13%, rose to 6.27% right after Powell's comments. They rose further to 6.33% on Oct. 30. "The tone of Chair Powell's comments poured some cold water on hopes for a faster pace of cuts, coming in less friendly than anticipated and pushing yields modestly higher across the curve," said Jeff DerGurahian, chief investment officer and head economist at nonbank mortgage lender loanDepot. Was
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BOKF
Earnings
- 10/20/25 - Beat
BOKF
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 11/17/25 - Form 8-K
- BOKF's page on the SEC website