Today’s mortgage interest rates look noticeably different from what they were a few weeks ago. Kirpal Kooner/Getty Images Following a month in which new reports showed inflation was stuck and unemployment rising, not to mention a continued pause in interest rate cuts by the Federal Reserve, borrowers are ending March in a more uncertain economic climate than they started. … Read more
Savers looking to earn a high interest rate have three primary accounts to consider right now. dontree_m/Getty Images Saving a five-figure amount of money isn’t always easy to do. But in the economic climate of recent years, in which inflation surged, interest rates rose alongside it, and the expenses of everyday living became difficult to … Read more
Mortgage interest rates have changed significantly in recent weeks, thanks to a combination of factors. Dmitry Galanternik/IP Galanternik D.U./Getty Images Monitoring the mortgage interest rate climate on a daily basis is an integral part of the homebuying and refinancing processes. But, this March, it was arguably more important than usual. With multiple items on the … Read more
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