Fed rate cuts could ease credit card and deposit rates, but auto loans and mortgages may stay high due to risk and long-term inflation expectations.

"Mortgage interest rates went down before the Fed cut rates in September but went up after," says Ali Wolf, chief economist at NewHomeSource. "This is because the Fed is cutting the federal funds rate, which is a short-term interest rate. Mortgage interest rates, on the other hand, are influenced by investors and the yield on the 10-year Treasury."

Today's average mortgage rate on a 30-year fixed-rate mortgage is 6.09%, down 1.52% from the previous week, according to the Mortgage Research Center. Borrowers may be able to save on interest costs by going with a 15-year fixed mortgage,

Discover how banks set loan interest rates, from Federal Reserve policies to market trends and borrower creditworthiness, for better financial decisions.

The Federal Reserve's policy rate is a long way from its lowest point, but markets remain concerned about a return to zero interest rates, according to findings from the Federal Reserve Banks of New York and San Francisco. Processing Content In an economic ...

WASHINGTON, DC - DECEMBER 13: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the headquarters of the Federal Reserve on December 13, 2023 in Washington, DC. The Federal Reserve announced today that interest rates will ...

The International Accounting Standards Board proposed a new accounting model to reflect how banks and other financial institutions manage interest rate risks in their portfolios. Processing Content The proposed Risk Mitigation Accounting model comes in ...

Former President Donald Trump recently said the president should have a role in setting interest rates that determine costs for everything from mortgages to credit card loans. The proposal would mark a major shift from the longstanding norm of political ...

The National Savings Certificate (NSC) currently offers an annual interest rate of 7.7% with a fixed maturity period of five years. Since theTe interest is compounded every year and paid at maturity,

Russel Kinnel: If you look at risk from one dimension, you might be missing the big picture. Long-term bond funds with high-quality bonds sound pretty low-risk. And, in fact, many have little credit risk. However, some people have said long-term Treasury ...