After sharply raising rates to fight inflation, the Federal Reserve is signaling it will cut rates at a more measured pace. After a larger-than-usual 0.5 percentage point cut in September, the central bank’s rate-setting committee last week cut the benchmark rate by a further 0.25 percentage point. The Federal Reserve’s benchmark federal funds rate affects … Read more
The Federal Reserve just announced another rate cut. But will it matter to nervous homebuyers waiting for mortgage rates to fall? On Thursday, at the end of its November meeting, the Fed announced a 0.25 percentage point cut to the federal funds rate, or the rate at which banks lend each other money overnight. The … Read more
We research all brands listed and may receive compensation from our affiliates. Research and financial considerations may influence how brands are presented. Not all brands are included. Find out more. The Internal Revenue Service announced new tax plans for 2025 on Tuesday. Growth is lower than in the past few years as inflation has fallen. … Read more
Home Editor’s Letter A Cascade Effect On Interest rates VOL. 38 NO. 9 At Global Finance, generating the report cards for central bank governors has always been a complex and thorough project. Scoring more than 100 governors from very different economies and with such different mandates for their central banks is a complex task. However, … Read more
Ads by Money. We may be compensated if you click this ad.Ad For the first time in years, Americans are living in a world of falling interest rates. With the Federal Reserve cutting its benchmark interest rate in September by half of a percentage point — and more rate cuts likely in the pipeline — … Read more
We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. Learn more. The wait is finally over. For the first time since March 2020, the Federal Reserve has cut short-term interest rates. On Wednesday, Fed Chairman Jerome … Read more
We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. Learn more. Mortgage refinancing is back from the dead — sort of. As mortgage rates edge down this month, more homeowners are looking to lock in a better rate and lower their monthly … Read more
The Federal Reserve is widely expected to bring about a long-awaited interest rate cut during its next meeting. But just how big will that potential rate cut be? The central bank held interest rates steady in July — a move that was expected and kept rates at the 5.25% to 5.5% range. But Fed Chair … Read more
Money’s main takeaways: According to Money’s daily rate survey, the average rate on a 30-year fixed-rate mortgage increased to 6.757%, a change of 0.054 percentage points. According to Money’s daily rate survey, borrowers looking for a 30-year fixed-rate refinance loan found rates averaging 6.858%, an increase of 0.04 percentage points. Freddie Mac’s current rate for … Read more
We may earn a fee if you click on the links below. Compensation does not determine ranking. Not all brands are included. Learn more. As interest rate cuts loom, there’s still time to lock in eye-popping yields on certificates of deposit, or CDs. Three credit unions on the West Coast are offering rates north of … Read more