Federal Reserve, interest rate
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The current average mortgage rate on a 30-year fixed mortgage is 6.15%, the same as a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.
The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year.
Angie Miles with Business First AM shares what lower interest rates could mean for the stock market and the average American.
Rates on personal loans are inching up. But you can still snag a reasonable rate, whether you’re looking to finance a home remodeling project, deal with unexpected bills or temporarily improve your cash flow.
Follow live coverage of the October Federal Reserve meeting that started Tuesday. The Federal Open Market Committee's interest-rate decision is due Wednesday, and will be followed by a press conference from Fed Chair Jerome Powell.
Federal Reserve Chair Jerome Powell is set to speak with reporters after the central bank cuts interest rates for a second meeting in a row.