The fog from the Iran war is obscuring the Federal Reserve’s view of the U.S. economy. Investors were rattled on Wednesday, when the central bank said it is holding interest rates steady, after Fed Chair Jerome Powell repeatedly underlined the mounting uncertainty caused by the escalating Middle East violence. Stocks slumped during his afternoon press conference, … Read more
Homebuyers and owners looking to refinance need to understand where mortgage interest rates stand now before taking any action. DAVID PAPAZIAN/dpproductions/Getty Images The Federal Reserve this week did what many expected but what borrowers were hoping it wouldn’t – it kept its federal funds rate on pause. At a range between 3.50% and 3.75%, rates … Read more
Long-term CDs give you the opportunity to earn today’s rates for up to 5 or even 10 years. Getty Images/iStockphoto Saving money can be a challenge in an economy with persistent inflation. After all, if your money doesn’t earn a return that’s at least equal to inflation, it will lose buying power. But, a certificate … Read more
Federal Reserve announces it will hold interest rates steady – CBS News Watch CBS News The Federal Reserve announced Wednesday it would hold interest rates steady at 3.5% to 3.75%. CBS News’ Kelly O’Grady reports. Source link
The Federal Reserve on Wednesday left its benchmark interest rate unchanged, marking the central bank’s second consecutive pause in 2026. The Fed maintained the federal funds rate — what banks charge each other for short-term loans — in its current range of 3.5% to 3.75%. The decision to keep rates steady was widely expected by … Read more
Mortgage interest rates could now be low enough to support purchase or refinancing activity from borrowers. Getty Images/iStockphoto With the first Federal Reserve meeting since January set to conclude today, homebuyers and owners hoping to refinance will need to contend with both good and bad news. The bad news is that interest rates will remain … Read more
WASHINGTON — A key question hangs over the Federal Reserve’s two-day meeting that ends Wednesday: Will central bank policymakers still reduce short-term interest rates this year, now that the Iran war has sent oil prices higher and gas prices spiking? Or will they have to stand pat for months to see how the conflict plays … Read more
A mortgage interest rate lock has multiple, timely benefits for borrowers to explore right now. Pla2na/Getty Images The homebuying process always needs to be approached strategically, but in the unique economic climate borrowers find themselves in this month, it’s arguably more important than usual to make the right decisions. Mortgage interest rates just in February, … Read more
Interest earnings with a money market account will pile up over time, especially if the account is left untouched. RixSix/Getty Images In the elevated interest rate landscape of recent years, savers could be forgiven for exclusively focusing on certificate of deposit (CD) accounts. After all, at points in 2023 and 2024, rates here were as … Read more
Homebuyers and owners hoping to refinance may want to seriously consider locking in a mortgage rate now. Dmitry Galanternik/IP Galanternik D.U./Getty Images For the first time since January 28, the Federal Reserve will meet today to discuss the future of interest rates, among other items. And homebuyers and homeowners hoping to refinance will be two … Read more