If the Fed is cutting interest rates, why are mortgages and business loans costing more?
Kent, the mortgage banker, noted that Fed rate cuts have more impact on credit cards, car loans, and other short-term borrowing than on business and mortgage loans. If mortgage rates stay high, he expects more buyers will ask for adjustable-rate loans, as if betting that rates will fall over the next few years.
This explosive shift in rates—in the wrong direction—is a harbinger of trouble as it is a crucial long-term driver of stock ...
These are today's mortgage and refinance rates. If the Fed ends up keeping rates steady next month, we could see mortgage ...
Thinking about taking out a mortgage loan? Current mortgage rates rise to 6.99% for 30-year terms, while 15-year terms ...
The Federal Reserve’s Open Market Committee (FOMC) did the expected, cutting the federal funds rate by 0.25%. That means the ...
Economists are trying to guess at how Trump policies could affect growth and inflation. The uncertainties are huge.
Online savings account interest rates have come down a bit. But they're still far higher than the alternative. Here's what ...
Credit card debt climbed $24 billion over a three-month stretch ending in September, soaring to a level 8% higher than where ...
Bond traders are giving only slightly better-than-even odds to an interest-rate cut next month as resilient economic data ...
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