Credit card rates have barely budged, despite interest rate cuts. Here's why
Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where it stood a year ago, the report said. Debt holders may
The Fed Cut Interest Rates In November, And More Rate Cuts Are Coming
The Federal Reserve cut interest rates by 0.25% on November 7. More interest rate cuts are likely through the end of 2026.
What the Fed rate cut means for mortgage interest rates
Mortgage rates, in particular, surged last year to their highest level since 2000 but have since come down alongside inflation. But it's been a bumpy ride back to the bottom in recent weeks. What, then, does this latest Fed rate cut mean for mortgage interest rates? That's what we'll break down below.
The Federal Reserve gives Americans another interest-rate cut
Two days after Donald Trump won the presidential election, the Federal Reserve announced a 25-basis-point interest-rate cut.
Why mortgage costs are rising despite interest rate cut
Mortgage costs are rising - with the average rate on a two-year fixed deal now at 5.5% - despite a recent cut in interest rates. A string of lenders, including Barclays, HSBC, NatWest and Nationwide,
Mortgage rates not dropping anytime soon
The Fed has dropped the nation's lending rate again, but mortgage rates haven't dipped. The FOX 5 I-Team's Dana Fowle went to an economist to understand the reason why.
Mortgage rates may be stabilizing after the election. Here's what to expect into early 2025
"When rates are moving around a lot, it makes a lot of uncertainty in the market," said Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors. Mortgage rates seem to have steadied.
The Fed Just Cut Interest Rates. Is Now a Good Time to Buy a Car?
In September, the Federal Reserve lowered its benchmark interest rate by half a percentage point. That was then followed by a quarter-point rate cut in November. Unlock a bonus worth $250 and pause interest into 2026 – this credit card is the perfect combo!
Post-election stock rally fizzles as interest rate concerns grow
The S&P 500, Nasdaq and Dow all fell for the week, while pharmaceutical stocks slid after Trump picked anti-vaccine activist ...
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Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
After a September half-point cut, the reduction would bring the benchmark federal funds rate down three-quarters of a point ...
Bank of Mexico lowers key interest rate, leaves door open to future cuts
The Bank of Mexico on Thursday lowered its benchmark interest rate by 25 basis points for a third straight meeting, ...
Odds of a December Interest-Rate Cut Jump After Inflation Matches Expectations
Wall Street gained confidence that the Federal Reserve will opt for another quarter-point interest-rate cut in December after the consumer price index for October matched expectations. Traders saw a ...
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Federal reserve cuts key interest rate while Houston homebuyers waiting for another cut
The federal reserve plans to cut more over the next year. As people keep their fingers crossed for better financing in the ...
How to Calculate the Break-Even Interest Rate on Bonds
To calculate the break-even interest rate, you need to know the yields to maturity and the number of years left before the ...
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Should I close my credit card if I have a high interest rate?
If you have a credit card with a high interest rate, or APR, you may be wondering if it's worth holding onto. And you have a valid point. Interest rate fees can add up quickly on credit cards ...
Mortgage Rates Today, Nov. 15: Median Rate Falls to 6.88%
The current median interest rate is 6.99% for a 30-year fixed-rate mortgage and 6.25% for a 15-year fixed-rate mortgage ...