Latest in How Fed Rates Influence Mortgages, Credit Cards, Savings and More
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Trying to settle your credit card debt? Watch these 4 red flags
Knowing the warning signs of illegitimate debt settlement companies can help you avoid scams and save money.CBS News - 6d -
5 unnecessary credit card fees to stop paying before 2025
By getting rid of these fees now, before the new year rolls around, you can free up funds for other priorities.CBS News - Dec. 11 -
Mortgage refinance demand surges 27%, as interest rates drop for the third straight week
Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings.NBC News - Dec. 11 -
Inflation ticks higher as Fed eyes another rate cut
Inflation picked up slightly in November, according to data released Wednesday by the Labor Department, but likely not by enough to derail the Federal Reserve's plans for another rate cut. Consumer ...The Hill - Dec. 11 -
Mortgage refinance demand surges 27%, as interest rates drop for the third straight week
Mortgage rates fell again last week, and while the drop wasn't huge, it was enough to spur current homeowners to look for some savings.CNBC - Dec. 11 -
Why the Fed Will Cut Rates Even Though Inflation Hasn’t Budged
Everyday Americans still expect sticky inflation in the coming years.Inc. - Dec. 11 -
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 -
What are the fastest ways to get rid of $5,000 in credit card debt?
If you've racked up $5,000 in credit card debt, these strategies can help you tackle it faster than you'd expect.CBS News - Dec. 10 -
How Being an Influencer Became a New American Dream
Two preteen girls promote fashion and beauty products to thousands of online fans from their rural Alabama home.The New York Times - 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 -
4 reasons to pursue credit card debt forgiveness this December
There are multiple reasons why you may want to pursue credit card debt forgiveness now. Here are four to know.CBS News - Dec. 9 -
How Russia-backed influencers meddled in Romania’s vote
Bucharest scrapped presidential election after ‘illegal’ social media campaign used tactics seen in Moldova pollFinancial Times - 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 -
Why Powell and the Fed should pause interest-rate cuts in December
Some say November’s jobs data support holding monetary policy steady.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 -
7 reasons to consolidate your credit card debt this holiday season
If you're trying to get rid of high-rate credit card debt, consolidation could be a smart move right now.CBS News - Dec. 6 -
5 expensive credit card mistakes to avoid during the holidays
It's easy for credit card debt to become problematic during the holidays, but avoiding these big mistakes may help.CBS News - Dec. 6 -
Jobs report shows hiring surge as Fed weighs interest rate cut
The fresh data marks the first jobs report since the election of Trump.ABC News - 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 -
How Jaguar plans to save itself
British carmaker Jaguar needs to turn around years of slumping sales. It's bold plan is already controversial.CNBC - Dec. 4 -
Inflation threatens Fed rate-cut expectations once again. Here’s why.
With investors looking toward Friday’s November nonfarm-payrolls report, market participants see the potential that it could be overshadowed by an entirely different set of data: next Wednesday’s ...MarketWatch - Dec. 4 -
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 -
Homebuyer demand for mortgages jumped 6%, as interest rates fell to lowest level in over a month
Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale.NBC 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 -
Homebuyer demand for mortgages jumped 6%, as interest rates fell to the lowest level in over a month
Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale.CNBC - Dec. 4 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
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