All eyes will once again turn to the Federal Reserve this week as they meet to discuss the next steps with interest rates and economic policy. Specifically, will they raise rates above their current 23-year high? Or will they keep them steady following a series of disappointing inflation reports at the start of 2024? After all, rate cuts that seemed promising at the beginning of the year now seem off the table, possibly for the rest of the year. And while the Fed doesn't directly dictate rates...
The interest rate on a 30-year fixed-rate mortgage is 7.125% as of May 1, which is 0.375 percentage points lower than yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.625%, which is 0.125 percentage points higher than yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get the best deal. Rates last...
Expect to pay more for mortgages and credit card interest through at least the end of 2024.
The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at which it kept […]
Fed Chair Powell’s 2:30 p.m. ET news conference will be livestreamed within this story. This story will also be updated with today’s F.O.M.C. decision on their key interest rate.
The Federal Reserve emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target.
WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent
Federal Reserve signals interest rates will stay at two-decade high until
Experian reports on what may be behind an increase in consumer personal debt including credit card, auto loan and mortgage payments.
The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.
UK house prices fell at the sharpest pace in eight months after the cost of mortgages crept higher, one of the country’s biggest lenders said.
AVERAGE HIGH FOR APRIL 25th: 63° AVERAGE LOW FOR APRIL 25th: 37° THURSDAY'S SUNRISE: 6:11 AM THURSDAY’S SUNSET: 8:01 PM Elmira, N.Y. (WETM) - Clear conditions will stay with us into the end of the work week. After that, showers will return for the weekend and into the new work week. More details below: TONIGHT: Clear and calm conditions []