Latest in How Fed Rates Influence Mortgages, Credit Cards, Savings and More
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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 - 3h -
Fed cuts interest rate for third consecutive time
The Federal Reserve has announced a quarter-point cut to its key interest rate for a third consecutive time in 2024. NBC News' Brian Cheung has details on the decision and what it could indicate ...NBC News - 3h -
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.The New York Times - 6h -
Bracing for a Fed Pullback on Interest Rates
Wall Street sees the central bank cutting interest rates on Wednesday. But growing worries about inflation are adding to investor uncertainty about its policy agenda for 2025.The New York Times - 8h -
Fed cuts interest rates, delivering relief for borrowers
The rate decision follows two consecutive months of rising inflation.ABC News - 3h -
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 - 4h -
Why money’s flowed into Bank of America bonds — and how a Fed pause in rate cuts may help financial firms
The Federal Reserve’s expected interest-rate cut Wednesday is seen as a potential boost for the banking sector, as corporate bond investors weigh prospects for the U.S.‘s money-center banks.MarketWatch - 5h -
Investors brace for hawkish Fed rate cut – and more volatile markets in 2025
The spotlight Wednesday will be on Fed Chair Jerome Powell.MarketWatch - 8h -
Mortgage rates inch up ahead of Fed meeting
Mortgage applications fell 0.7% in the last week, the Mortgage Bankers Association said.MarketWatch - 11h -
I was laid off. I’m 43 and my husband is 35. I have $8,000 in credit-card debt and our mortgage is $1,600 a month. What do we do?
“We have been bringing in $60,000 a year for the last couple years, until this October, when I was laid off.”MarketWatch - 13h -
I’m 42 and married with no kids. I have $114K in a 401(k) and $1,400 in credit-card debt. How can I grow my wealth?
“I am not that familiar with investing, but currently educating myself about it.”MarketWatch - 1d -
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 -
Fed charts more cautious path for rates as high prices persist
US central bank poised for another cut as it weighs risks posed by stubborn inflationFinancial Times - 2d -
Will the Fed signal a pause in rate cuts?
Market Questions is the FT’s guide to the week aheadFinancial Times - 3d -
Moody’s Downgrades France’s Credit Rating
The action, which will put pressure on the nation’s borrowing costs, reflects doubt that a new government can mend the deteriorating financial situation.The New York Times - 4d -
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 -
Kennedy Center honoree Arturo Sandoval credits jazz with saving his life
Trumpeter Arturo Sandoval credits jazz for helping him to pursue his dreams in the U.S. after defecting from Cuba.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 -
How could HELOC rates change after the December Fed meeting?
The final Federal Reserve meeting of 2024 is set for next week. Here's what it could mean for HELOC interest rates.CBS News - 6d -
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 -
Young forecaster's Hurricane Helene reports credited with saving lives
Ethan Clark, a 22-year-old self-taught forecaster, received one of North Carolina's highest civilian honors for his reporting during Hurricane Helene. CBS News contributor David Begnaud has the story.CBS News - Dec. 9 -
Here's what could happen with mortgage rates this December, according to experts
Could the mortgage rate climate change in the final month of 2024? Here's what some experts think.CBS News - Dec. 9 -
Will mortgage rates fall below 6% in 2025? Here’s what experts say.
The incoming Trump administration’s policies could affect mortgage rates in 2025, real-estate economists say.MarketWatch - Dec. 7 -
Fannie Mae CEO reveals what’s really behind rising mortgage rates
Homeowners shouldn’t count on lower rates; they should build strong credit so they can qualify for the most affordable loan.MarketWatch - Dec. 7 -
U.S. consumer credit jumps in October as credit cards drive purchases
Total U.S. consumer credit surged in October, rising by $19.2 billion — the fastest pace since July.MarketWatch - Dec. 6 -
5 ways to use your credit cards more responsibly in 2025
These simple strategies can help you keep your credit card bills in check — and your finances in order.CBS News - Dec. 5 -
Can I still use my credit card after debt consolidation?
You may be able to use your credit cards after consolidating, but that isn't always the best financial move.CBS News - Dec. 5 -
4 mortgage interest rate scenarios that could occur in 2025
Many experts predict a gradual decline in mortgage rates next year, but other scenarios could play out.CBS News - Dec. 5 -
American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines had been in talks for months for a new credit card deal with Citi.CNBC - Dec. 5 -
3 credit card debt relief strategies to consider for 2025
If you want to break the credit card debt cycle in the new year, these strategies could come in handy.CBS News - Dec. 4 -
How to keep your credit card debt low during the holidays
Swiping that plastic can be tempting when shopping over the holidays. Here's how to avoid it.CBS News - Dec. 4 -
3 ways seniors can lower their credit card debt in 2025
If you're a senior with high-rate credit card debt, it helps to start exploring these three options now, before 2025.CBS News - Dec. 3 -
What credit card debt relief options work best with bad credit?
A damaged credit score can complicate the debt relief process, but you still have plenty of options to consider.CBS News - Dec. 3 -
How can I avoid paying interest on my credit card?
Interest charges can cause your balance to balloon quickly, but these strategies can reduce those extra costs.CBS News - Dec. 3 -
Banks hit credit card users with higher rates in response to regulation that may never arrive
CFPB regulation meant to save consumers $10 billion a year has resulted in higher costs for some, as banks react by hiking interest rates and charging new fees.CNBC - Dec. 3 -
Banks hit credit card users with higher rates in response to regulation that may never arrive
Banks that issue credit cards used by millions of consumers raised interest rates and introduced new fees over the past year in response to an impending regulation that most experts now believe ...NBC News - Dec. 3 -
What's the mortgage interest rate forecast for December 2024?
If you're planning to buy or refinance a home this month, here's what mortgage rates could look like.CBS News - Dec. 3 -
3 reasons to consider credit card debt forgiveness this December
This month could be an ideal time to settle your credit card debt for less than what you owe. Here's why.CBS News - Dec. 2 -
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