Fed cuts interest rates again
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The rate on a 30-year fixed refinance climbed to 6.35% today, according to the Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.38%, and for 20-year mortgages, the average is 6.
The Federal Reserve concluded its last meeting of the year with a widely anticipated 25 basis point cut to the federal funds rate (FFR), bringing it to a range of 3.50-3.75%.
(NewsNation) — The Federal Reserve has cut its benchmark interest rate for the first time in more than four years, which will have consequences for mortgage rates, car loans and credit card debt. The Fed's half-point rate cut is a major strategic shift ...
Currently, the average interest rate on a 30-year fixed mortgage is 6.27%, compared to 6.25% a week ago, according to the Mortgage Research Center. For borrowers who want to pay off their home faster,
Mortgage interest rates are gradually falling again. Here are three options with averages under 6% to consider now.
Interest rates play a crucial role in shaping the true cost of a used car. The more expensive the car, and the higher the rate, the more expensive the monthly payment will be. But by how much? There are a number of factors that influence your vehicle's ...
Global central bank interest rates have tripled to its highest level since 2000. Yet industrial output has remained high, which is unusual for periods when rates are moving sharply higher. "We don't see sufficient evidence that the global economy is headed ...