How Fed Rates Influence Mortgages, Credit Cards, Savings and More
Here’s how the central bank’s interest rate moves influence car loans, credit cards, mortgages, savings and student loans.
Read more at The New York Times
Topics
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What the Fed's December rate cut means for mortgage interest rates
Today's Fed rate cut could have an impact on mortgage rates — but there are other factors at play, too.CBS News - 54m -
Despite Fed cuts, many store credit cards are still charging customers extreme interest rates
Many credit cards offered by major retailers continue to charge exorbitant annual percentage rates (APRs), despite moves by the Federal Reserve to lower interest rates in the economy.NBC News - 1h -
Mortgage rates inch up ahead of Fed meeting
Mortgage applications fell 0.7% in the last week, the Mortgage Bankers Association said.MarketWatch - 8h -
How are credit card interest charges compounded?
Understanding how credit card interest charges compound is an important part of avoiding serious debt issues.CBS News - 2d -
3 credit card interest rate mistakes that are costing you money now
If you're making these card rate mistakes, you're probably paying too much for your credit card debt.CBS News - 5d -
How are credit card minimum payments calculated?
Knowing how your credit card minimum payments are calculated can help keep you out of serious financial trouble.CBS News - 5d -
Why some credit card APRs are rising even after the Fed slashed interest rates
Most credit cards have a variable rate with a direct connection to the Federal Reserve’s benchmark.NBC News - Dec. 10 -
The Fed slashed interest rates, but some credit card APRs aren't going down. Here's why
Although the Federal Reserve started slashing interest rates in September, the average retail card rate has only gone up.CNBC - Dec. 9 -
Will credit card interest rates fall this December?
Credit card rates are sitting at a record high right now, but will they drop lower this month? Here's what to know.CBS News - Dec. 2
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