After likely quarter-point rate cut, Fed may slow pace of drops if inflation lingers
After slashing its key interest rate by a hefty half percentage point in September, the Federal Reserve is expected to lower rates by a more measured quarter point Thursday and several times next year as inflation continues to ease. But if the Fed veers ...
With a Fed Rate Cut Looming Thursday, Grab This 5.50% CD Before It Disappears
Any lock on a top-paying CD is smart before the Fed makes its move this week. Rates of 5%+ are available with guarantees up to a year, but longer rate locks are wise too.
What will happen to home equity loan rates after this week's Fed rate cut?
The average home equity loan interest rate is 8.35% right now. And while that could certainly fall if the Fed issues a 25 basis point cut to the federal funds rate as expected on Thursday, it's unlikely that home equity loan rates will change dramatically once the meeting has concluded. Here are three reasons why:
Americans are probably getting another interest rate cut this week — just days after the election
It's likely that the Federal Reserve will cut interest rates by a quarter point on Thursday, closing out a busy week after the election.
Fed Interest Rate Cuts Are Coming After Weak October 2024 Payrolls
The October payrolls were the weakest since December 2020. With just 12,000 net new jobs added during the month, more Federal Reserve interest rate cuts are coming.
Mortgage Rates Won't Drop Despite Another Fed Rate Cut. Here's Why
You shouldn't rush into a home purchase (even if rates are falling) if it doesn't make sense for your budget or lifestyle. Taking extra time to build your credit score and put aside cash for a bigger down payment will help you in the long run, while also helping you save money on your future mortgage.
Another Fed rate cut is ahead but also likely is ongoing uncertainty after the election
The Fed is expected to cut rates on Thursday and possibly again in December. What can savers and borrowers expect?
Investors Bet on Quarter-Point Rate Cut as Fed Meeting Looms
The U.S. election is grabbing all the headlines on Tuesday–but it's not the only vote that could move markets this week. The Federal Reserve will end its two-day November meeting on Thursday afternoon,
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Interest rates are going down. But mortgage rates are going ... up?
Interest rates are going down — but aspiring homeowners waiting ... This week, the Fed is expected to give the economy a ...
Interest rate forecast 2025: Consumers can expect lower rates
Assuming inflation remains near 2%, interest rates will likely continue to trend lower. The FOMC projects a fed funds rate of ...
Bank of Canada members do not see need for interest rate to be as restrictive, minutes show
The Bank of Canada's governing council felt its key borrowing cost was not needed to be as restrictive ahead of its Oct. 23 decision to cut rates as it was confident that upside pressures on inflation ...
Despite a half-point Fed rate cut, the average credit card interest rate fell by just 0.13%, report finds
Credit card APRs are edging lower after the Federal Reserve cut interest rates by a half point, but not by much.
Mortgage Rates Today, Nov. 1: Median Rate Rises to 6.99%
The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.13% for a 15-year fixed-rate mortgage ...
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Look for predictability in the Fed’s interest rate decision next week
The upcoming Fed meeting will be all about predictability, especially since it comes in the wake of the election.
What's a good HELOC interest rate now that rates are falling again?
F or borrowers looking to access some extra financing, interest rates play a key role in their considerations. Unfortunately, ...
Interest rate cut this week is 'nailed on' despite weakening confidence, say City economists
The Bank’s benchmark rate now stands at 5% and is expected to be lowered to 4.75%, the lowest since June last year.