Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates edged lower again this week, with the 30-year fixed rate averaging 6.25 percent, down…
Image by GettyImages; Illustration by Bankrate It’s a mixed showing for home equity rates as the Federal Reserve lowered interest rates by a quarter point, its second rate reduction in 2025. The benchmark 5-year $30,000…
The Federal Reserve on Wednesday announced its second interest rate cut of this year as policymakers moved to support the labor market despite inflation remaining above the central bank’s target. Fed policymakers voted to lower the benchmark federal funds rate by 25 basis points to a new range of 3.75% to…
EXCLUSIVE: The ongoing government shutdown is having a negative impact on American manufacturers’ operations, and dozens of state manufacturing associations are writing to congressional leaders urging them to reopen the federal government, according to a letter reviewed by FOX Business. Thirty state manufacturing groups and the National Association of Manufacturers (NAM) sent…
Fixed-rate HELOCs are the talk of the town lately among home equity lenders and industry insiders. Home equity isn’t the flashiest corner of consumer finance, so it’s noteworthy when a buzzy new trend emerges. I talk with home lending experts all the time, and they keep telling me the same…
The Federal Reserve is widely expected to cut interest rates again at its October meeting, bringing its key borrowing rate down to a level last seen in late 2022. Don’t count on it to cure all of your financial woes. Like a line of falling dominos, lower rates from the…
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Mortgage rates dropped this week to their lowest level in more than a year, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the…
