The Lurie Group
Fed Cuts Rates for First Time Since 2020; 30-Year Loan Rate at 6%, Inflation Hits 3-Year Low

Fed Cuts Rates for First Time Since 2020; 30-Year Loan Rate at 6%, Inflation Hits 3-Year Low

  • Alexander Lurie
  • September 23, 2024

The Fed dropped its benchmark rate on Sept. 18th by half a point:  As illustrated, once the Fed decides a change in direction is warranted, it can make significant changes quickly. 

Annotated chart of federal funds interest rates from 1981 to 2024, with economic events and Federal Reserve actions.

The daily average 30-year rate is running a little above 6% (though it actually ticked up on Sept. 17th). 

Chart of 30-year mortgage rates from February 2023 to September 2024, falling to just above 6%.

Stock markets: 

Line chart comparing Nasdaq and S&P 500 percentage gains from January 2023 to September 2024.

The general inflation rate dropped in August to its lowest reading since early 2021. 

Bar chart of monthly CPI inflation from 2021 to August 2024, peaking at 8.9% and falling to 2.6%.
 




Alexander Lurie smiling in a dark blazer and striped shirt.

Meet Alexander

Meet Alexander Lurie

Alexander Fromm Lurie is a highly accomplished San Francisco real estate professional and the leader of The Lurie Group, a top-performing team recognized among the top 1% of agents in the city. With over a decade of experience in the real estate industry and California DRE License #01952347, Alexander has built a reputation for delivering exceptional results, with hundreds of homes sold and over $1 billion in total sales volume. Born and raised in San Francisco, he brings deep local expertise, generational knowledge of the Bay Area, and a strong connection to the community into every client relationship. His approach goes beyond transactions—focusing on helping clients build meaningful connections to neighborhoods, schools, and local culture while navigating the buying or selling process with confidence.

Alexander’s background in management consulting and entrepreneurship further strengthens his strategic approach to real estate, allowing him to provide clients with a competitive edge in pricing, negotiation, and marketing. Known for his integrity, discretion, and client-first mindset, he continues to be a trusted advisor for buyers, sellers, and investors across San Francisco’s dynamic real estate market.

Alexander Lurie

Founder | Real Estate Advisor
LICENSE NUMBER
01952347
ADDRESS
629 Divisadero Ave, San Francisco, CA 94117

Let's Work Together

Our passion is supporting clients who value exceptional results and client care. We look forward to the opportunity to work together.
Modern condo living and dining area with a geometric chandelier and Bay Bridge views through large windows.
link
Follow Us