Banks cut prime rate to 5.2%, following Bank of Canada's lead
The banks said they would decrease the prime rate by 25 basis points from 5.45 per cent to 5.20 per cent just hours after ...
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Mortgage Rates Barely Budge After Fed Announcement
Heading into today's Fed announcement, we didn't expect to receive any significant surprise on the stance of monetary policy.
How to profit from the Fed’s latest interest rate pause
The Federal Reserve’s decision on Wednesday to keep its overnight bank lending rate where it is — following a full percentage point cut last year — means you still have an opportunity to enjoy solid, ...
Cash-out refinancing vs. home equity loan: What to consider now
The benefits of both have shifted in today's interest rate climate. Here's what potential borrowers should know now.
Is the Fed interest rate pause good for mortgage rates?
After implementing three rate cuts in late 2024, the central bank has opted to keep its benchmark federal funds rate steady ...
Fed holds interest rates steady despite Trump’s call to lower them ‘immediately’
The Federal Reserve decided to delay additional rate cuts for now and keep interest rates unchanged at its first meeting of ...
The Fed Holds Rates Steady. Here’s How to Use That to Your Advantage
Hint: You might want to pay down your debts more aggressively.
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Home Sellers Using Concessions to Get to Closing
Some buyers are looking for better deals to counter higher mortgage rates. Seller concessions cover certain costs associated ...
Fed meeting live updates: Rate cuts paused as inflation, Trump's plans create uncertainty
The Federal Reserve is widely expected to make no change to its benchmark federal funds rate at its January meeting, a ...
What the Fed’s Rate Policy Means for Your Finances
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
Removing medical debt from credit reports opens door to economic opportunity: 'It gives me hope'
The change is expected to boost millions of people's credit scores and helping them qualify for home mortgages. It's unclear ...
Refinance Rates See Two-Day Drop to Lowest Level in Almost 6 Weeks
VioletaStoimenova / Rates on 30-year refinance loans dropped another 2 basis points Tuesday, nudging to average down to 7.05%. That's now the cheapest level for 30-year refi rates since Dec. 18. In ...