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One of the biggest factors influencing current CD rates is the federal-funds rate. As the Federal Reserve began cutting its ...
The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s ...
If you'd prefer to have ready access to your money, a high-yield savings account could be a better fit. Most CDs impose a ...
When mortgage rates begin to rise, it can catch your finances by surprise; just like how your metabolism starts to slow when ...
The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto ...
In 2019, for example, rates for a 30-year fixed-rate mortgage ranged from about 3.75% to 4.5%. And they dropped to as low as 2.65% in early 2021 as the pandemic wore on.
The Federal Reserve is aggressively increasing interest rates to slow the economy down. In 2022, the Fed raised interest rates 200 basis points, or 2%, in hopes of slowing down inflation.
Illinois homeowners face a 27% rate hike from State Farm as the insurer cites unsustainable losses. The rate increase is ...
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