The average interest rate on a 30-year fixed mortgage stands at 6.12%. Mortgage rates this week fell to their lowest level in 15 months, easing borrowing costs for homebuyers eager for a thaw in the ...

Some Federal Reserve officials want to keep interest rates unchanged “for some time” after making three rate cuts this year, minutes from the latest Fed meeting showed. These officials said that ...

Fed rate cuts would likely lower credit card and savings rates first, while auto loans and especially fixed-rate mortgages may stay high or even rise. How much consumers benefit will depend on credit ...

Federal Reserve Governor Stephen Miran said the US central bank risks sparking a recession unless it continues lowering interest rates next year. “If we don’t adjust policy down, then I think that we ...

Britain’s central bank reduced interest rates to 3.75 percent, a move that was welcomed by the government, which has been looking to lower the high cost of living. By Eshe Nelson Reporting from London ...

Interest rate changes can have a big impact on retirees’ income, for better or worse. For people who have a few different types of pension the effects can be magnified. With UK interest rates falling, ...

After State Bank of India (SBI), HDFC Bank has also reduced fixed deposit (FD) interest rates on select tenures on amounts below Rs 3 crore. The revised rates of FDs are effective from December 17, ...

Monitoring the interest rate climate for homebuyers and owners hoping to refinance can easily become a daily activity. And in the interest rate climate of recent years, it was often a disappointing ...

President Trump said Friday his choice for the next chair of the Federal Reserve should consult him on setting interest rates. Trump told The Wall Street Journal in an interview he was leaning toward ...

Mortgage rates have been largely unchanged. The Federal Reserve slashed interest rates a quarter of a percentage point this week, delivering its third rate cut since September. The policy brightened ...

HONG KONG, Dec 11 (Reuters) - Hong Kong's de-facto central bank lowered on Thursday its base interest rate by 25 basis points to 4.0%, in line with a cut by the U.S. Federal Reserve, but major lenders ...

• The Federal Reserve cut interest rates Wednesday by a quarter point as expected, lowering borrowing costs for the third time this year. • Wall Street rallied after Fed Chair Jerome Powell ruled out ...