CD rates could shift this month, but what direction will they ultimately head in? PHIL LEO/PM Images/Getty Images Interest rates have been on a rollercoaster lately. After several rate cuts by the Federal Reserve last year, interest rates fell significantly across many products. But with today’s market uncertainty and a continued pause in Fed rate … Read more
Mortgage interest rates are starting April in a much different place than they were at this point in March. Getty Images/iStockphoto A new month offers a fresh start for borrowers and it will be particularly welcome for those looking for a mortgage loan or an opportunity to refinance their current home. Mortgage interest rates in … Read more
Savers should closely compare their CD and money market account options before making a large deposit into either. Javier Zayas Photography/Getty Images If you have $75,000 saved and are looking to increase those savings further, you may be tempted to invest it now. With options like stocks, bonds, real estate and even alternative investments like … Read more
The interest-earning potential of a $7,500 CD account could be advantageous for savers right now. SimpleImages/Getty Images Saving money in the economic climate of recent years has been difficult for many Americans. Thanks to decades-high inflation (which is still above target, albeit much lower), elevated interest rates, and market uncertainty, saving just a few thousand dollars was difficult. However, … Read more
Today’s mortgage interest rates look different for buyers and owners hoping to refinance compared to February. Kirpal Kooner/Getty Images Borrowers who entered March hopeful that mortgage interest rates would continue to decline unimpeded encountered a discouraging climate. Unemployment rose, inflation progress stalled and the Federal Reserve kept interest rates on hold (again). Combined with uncertainty … Read more
Savers should carefully calculate their interest earning potential before locking any money into a CD account. seksan Mongkhonkhamsao/Getty Images Depositing large, five-figure amounts of money into a savings account like a certificate of deposit (CD) can be both lucrative and smart, particularly in today’s volatile financial climate. But it isn’t always the flexible move to … Read more
Savers looking to home $75,000 may want to consider the advantages a money market account offers now. Aleksandr Zubkov/Getty Images With news this March that the Federal Reserve was again keeping its interest rate-cutting campaign on pause (for the second time this year) and with the need for safe and profitable savings accounts pronounced thanks … Read more
Savers should carefully compare their CD and money market account options before depositing $60,000 into either. twomeows/Getty Images If you have a respectable amount of money in a traditional savings account right now, you may want to reconsider your approach. With an average interest rate of just 0.39% right now, you’re not only failing to … Read more
Mortgage rates for buyers and owners hoping to refinance have changed considerably this March. carlofranco/Getty Images Monitoring the mortgage interest rate environment each day for affordable opportunities is critical for buyers and owners hoping to refinance. Unfortunately, what many borrowers have been discovering in recent weeks is that rates are considerably higher than they were compared … Read more
The mortgage interest rate climate is changing rapidly for borrowers this month. DreamPictures/Getty Images Did you know that borrowers may be able to secure a mortgage interest rate that’s up to a full percentage point lower than average simply by shopping around for lenders? That’s an important tip to remember in any mortgage interest rate … Read more