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News for: Interest Rates
Showing 121 - 144 of 237 results
Jul 30, 2025 11:23 AM
— Interest Rates
Bank of Canada signals possible cuts ahead, but holds key policy rate steady for now at 2.75%
The Bank of Canada decided to keep its overnight interest rate steady at 2.75% due to uncertainty related to U.S. trade tensions. Governor Tiff Macklem mentioned resilience in the Canadian economy but highlighted the need for specific conditions to justify future rate cuts, which could happen if the economy weakens significantly. Economists had expected this decision, but views on future rate cuts... more
Jul 30, 2025 11:23 AM
— Interest Rates
4 ways the Fed's decision to hold interest rates steady will impact your wallet
The Federal Reserve decided to keep rates steady, impacting consumer borrowing costs. Mortgage rates are expected to remain stable in the short term, while auto loan and credit card rates will likely follow the federal funds rate pattern. Investors are looking towards the September meeting for a potential rate cut, which is expected to unlock more demand for stocks and boost earnings.
Jul 30, 2025 11:23 AM
— Interest Rates
Fed holds interest rates steady: What that means for car loans, credit cards, mortgages and more
The Federal Reserve has decided to keep its key benchmark rate steady, delaying any rate cuts until at least September due to uncertainty and inflation risks posed by Trump's tariff agenda. Credit card interest rates remain high, with mortgage rates, auto loan rates, and student loan interest rates also elevated. Savings rates, however, remain above average as they are correlated to the federal fu... more
Jul 30, 2025 10:08 AM
— Interest Rates
Bank of Canada signals possible interest rate cuts ahead, but holds key policy rate steady for now at 2.75%
The Bank of Canada decided to hold its interest rate unchanged in response to ongoing pressures on underlying inflation, trade uncertainties, and the fluidity of the trade situation with the U.S. Economists are divided on whether there will be a rate cut in September. The housing market is expected to remain stable, and mortgage rates are predicted to be in the low to mid 4 percent range for new m... more
Jul 29, 2025 2:23 PM
— Interest Rates
The Fed is expected to hold rates steady as Trump pushes for a cut
The Federal Reserve is expected to leave interest rates unchanged despite President Trump's desire for lower rates to boost the U.S. economy. Inflation concerns, tariff impacts, and potential inflation resulting from trade policies are factors weighing on the Fed's decision. The Fed's key rate does not directly impact mortgage interest rates, which are influenced by factors such as the yield on 10... more
Jul 29, 2025 12:24 PM
— Interest Rates
Mortgage Rates Moving Down Again
After staying flat for three days, average 30yr fixed rates began to move lower again on Tuesday. The bond market improved throughout the day, leading to a potential further decrease in rates for tomorrow. However, the bond market could shift in either direction tomorrow morning, with potential volatility from economic reports and the Fed announcement in the afternoon.
Jul 29, 2025 9:24 AM
— Interest Rates
What the Big, Beautiful Bill means for small businesses
President Donald Trump's megabill, the One Big Beautiful Bill Act, introduced tax cuts, deductions, and adjustments for both consumers and businesses. The impact of the bill on small businesses has been described as a mixed bag, with potential benefits for growth and consumer spending but also increased pressure on interest rates due to federal debt and deficits. The bill includes deductions on ti... more
Jul 29, 2025 8:24 AM
— Interest Rates
Trump urgently wants Jerome Powell to cut interest rates. That won't happen this week, economists say.
President Trump requested the Federal Reserve to lower interest rates, but it's unlikely to happen at the upcoming decision. Fed Chair Powell is cautious about rate cuts due to solid economic conditions and the potential impact of tariffs on inflation. While some FOMC members believe it's time to cut rates, the chances of a rate cut are very low. Experts expect the Fed to hold off on cutting rates... more
Jul 29, 2025 2:00 AM
— Interest Rates
While the Fed kept its benchmark unchanged, here's what happened to consumer borrowing rates
The Federal Reserve is expected to keep its key short-term interest rate unchanged this month. This rate affects borrowing and savings rates for consumers. Credit card rates have slightly decreased, auto loan rates have seen little movement, and mortgage rates have hovered between 6.6% to 7.1%. President Trump believes higher rates are hindering economic growth, but experts say a rate cut may not ... more
Jul 25, 2025 3:00 AM
— Interest Rates
Federal Reserve likely to hold interest rates steady despite pressure from Trump. Here's what that means for your money
President Donald Trump and Fed Chair Jerome Powell are at odds over interest rates, with Trump advocating for a sharp decrease to stimulate economic growth. The Fed has held off on rate cuts due to uncertainty and inflation risks posed by Trump's tariff agenda. While the fed funds rate has remained steady, mortgage rates are not directly linked to the Fed and remain high due to concerns over tarif... more
Jul 24, 2025 11:00 AM
— Interest Rates
Trump says cutting interest rate will make homebuying cheaper. It's not that simple
President Trump blames Federal Reserve Chair Jerome Powell for high home prices, arguing that the Fed should lower interest rates to help people afford homes. However, Robert Reich warns that lowering interest rates may not necessarily make mortgages cheaper, as it could affect the Fed's credibility in fighting inflation. Reich also points out that a rush of demand due to interest rate cuts could ... more
Jul 22, 2025 5:01 PM
— Interest Rates
Pennymac profit jumps 79% despite hedge losses
Pennymac had a more productive second quarter but faced financial losses due to hedging results during early spring rate volatility. Multiply Mortgage is offering homebuying perks and securing lower interest rates for employees at certain companies. Four of the nation's homebuilders saw a decline in profitability due to choppy market conditions, including elevated mortgage rates.
Jul 22, 2025 1:00 PM
— Interest Rates
Mortgage Rates Inch Down to 2-Week Lows
Market reacted to Fed Chair Powell ending his term early with only the shortest-term rates improving and most consumer rates, including mortgages, moving higher. Bonds dictate interest rates and the response reversed after Trump said he wasn't planning on firing Powell. Treasury Secretary Bessent's comments supporting Powell helped the rate market react positively. Mortgage lenders slightly lowere... more
Jul 20, 2025 6:00 PM
— Interest Rates
China keeps benchmark lending rates steady as economic growth stays strong
China kept its benchmark lending rates steady amidst weak consumer sentiment and softening growth. The 1-year loan prime rate remains at 3.0% and the 5-year LPR at 3.5%. GDP growth in the second quarter was 5.2%, higher than expected, while retail sales growth in June slowed. Analysts predict economic fundamentals could worsen in the second half of the year, leading to potential further policy eas... more
Jul 19, 2025 3:01 AM
— Interest Rates
Trump Vs. Powell: How Investors Could Come Out As Big Losers In Fed Fight
President Donald Trump is pushing for lower interest rates, but Federal Reserve Chair Jerome Powell is hesitant due to inflation concerns. Trump's introduction of global tariffs and increased deficit spending are expected to raise inflation levels. Powell and the Fed are prioritizing stable prices and maximum employment over Trump's demands for lower rates. Investors are concerned that if interest... more
Jul 18, 2025 11:00 AM
— Interest Rates
What a Trump, Powell faceoff means for your money
Tensions between the White House and the Federal Reserve have escalated, with President Trump criticizing the central bank for not lowering interest rates. Trump argues that high rates are harming the housing market and putting the US at a disadvantage. The Fed has held off on rate cuts due to uncertainties and inflation risks posed by trade policies. Market pricing suggests no rate cut in July, w... more
Jul 16, 2025 12:00 PM
— Interest Rates
Mortgage Rates Mostly Sideways After Dodging Mid-Day Drama
Inflation data released this morning was more favorable for the bond market and interest rates compared to the previous day. Trump discussing firing Fed Chair Powell caused some mid-day drama leading to potential increases in mortgage rates. However, most lenders reversed course as the situation calmed down. The Fed Funds Rate does not directly dictate mortgage rates, and a potential replacement f... more
Jul 15, 2025 1:45 PM
— Interest Rates
Tariffs, Inflation, Recession, Oh My: Top Personal Loan Questions
American consumers are worried about the economy with top financial concerns being inflation, a recession, and interest rates. Uncertainty about tariffs is influencing consumer credit decisions. It's advised to check loan options as national debt may impact personal loan interest rates. Lowering APR on existing debt is recommended, with competitive rates being determined by shopping around. Despit... more
Jul 15, 2025 4:00 AM
— Interest Rates
High-yield savings rates today: July 14, 2025 | Stellar APYs are still on the market, surpassing 4%
President Trump's tariffs have been delayed again, leading to speculation about their impact on the U.S. economy. The Federal Reserve is likely to hold interest rates steady until the tariffs take effect on August 1. High-yield savings accounts are offering attractive APYs, with some banks still offering rates above 4%. The Fed's decision on interest rates is influenced by economic uncertainty cau... more
Jul 14, 2025 12:00 PM
— Interest Rates
Mortgage Rates Just a Hair Higher Ahead of Important Inflation Report
Mortgage rates have remained steady, with slight increases, after a period of overall rising rates. The upcoming release of the Consumer Price Index (CPI) is anticipated to have a significant impact on interest rates, especially considering the potential effects of tariffs on inflation. Depending on the CPI results, rates could either increase further or recover slightly.
Jul 14, 2025 8:00 AM
— Interest Rates
Current mortgage rates report for July 14, 2025: Rates continue to hold steady
The average interest rate for a 30-year, fixed-rate conforming mortgage loan is 6.699% in the U.S. Rates have remained relatively stable, but historically, rates are higher than they have been in the past. Mortgage rates are impacted by economic conditions, federal funds rate, national debt, demand for home loans, and Federal Reserve actions. Shopping around for loans and improving your credit sco... more
Jul 14, 2025 3:00 AM
— Interest Rates
Mortgage and refinance interest rates today for July 14, 2025: Rates remain stagnant before inflation news
Current mortgage interest rates have remained relatively unchanged with the average 30-year fixed rate at 6.63%. The rates may shift after the release of the June Consumer Price Index, influencing Federal Reserve plans on potential rate cuts. Different mortgage rates for fixed, VA, and adjustable-rate mortgages are provided. Factors influencing choosing between a 15-year and 30-year mortgage are d... more
Jul 13, 2025 12:00 PM
— Interest Rates
30-Year Treasury Yield Jumps to 4.96% despite “Solid” Auction, Long End of Yield Curve Steepens, Mortgage-Rate Spread Historically Wide
The 30-year Treasury yield rose despite efforts to keep it down, increasing concerns about inflation and supply absorption in the market. The Fed's rate cuts have led to an increase in the 30-year yield. There is disagreement within the FOMC about rate cuts, and the CPI report may influence future decisions. The relationship between the average 30-year fixed mortgage rate and the 10-year yield is ... more
Jul 12, 2025 7:01 AM
— Interest Rates
Mortgage and refinance interest rates today, July 12, 2025: The 30-year fixed rate holds steady
Today's mortgage interest rates are stagnant, with a 30-year fixed rate standing at 6.63% and a 15-year fixed rate at 5.89%. Locking in an interest rate with a mortgage lender during flat rate periods can be advantageous. It is recommended to choose a lender with a rate buydown option. Mortgage refinance rates are typically higher than rates when buying a house. The 30-year fixed mortgage offers l... more
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The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 400 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 400 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.