Home buyers might be hoping for lower mortgage rates with a new Fed chief. They'll have to wait [CNN]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: CNN
Last week President Donald Trump nominated a new chair for the US Federal Reserve. If confirmed, Kevin Warsh would take the role once current Chair Jerome Powell's term ends in May. Trump has said loudly and often that he wants lower interest rates, and Warsh's recent views have suggested he too sees room for the Fed to cut rates, even as Powell last week said the central bank is on pause as it continues its fight against inflation. After falling nearly a full percentage point from early-2025 highs, mortgage rates remain above 6%, making already-expensive homes even less affordable for Americans. Trump has said improving affordability will be a central focus of his economic agenda heading into the 2026 midterm elections. But even if the Fed lowers interest rates and affordability improves at the margins, home borrowing rates may not drop much further this year, economists say. Mortgage rates are affected by more than the Fed's decisions. Those rates largely track the 10-year
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WFC
Earnings
- 1/14/26 - Miss
WFC
Sec Filings
- 2/5/26 - Form 424B2
- 2/5/26 - Form 424B2
- 2/4/26 - Form 424B2
- WFC's page on the SEC website