We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The average mortgage interest rate is down by around a full percentage ...

It wasn't that long ago when the average mortgage interest rate was comfortably over 7%. In August 2023, for example, the average rate on a conventional 30-year term was 7.31%, marking the highest ...

For the first time in 2025, the Federal Reserve is reducing the cost of borrowing, including for credit cards, loans and auto financing. As expected, the central bank cut the federal funds rate by 25 ...

Forbes contributors publish independent expert analyses and insights. I show you how to save and invest. Jerome Powell, chairman of the US Federal Reserve, on screen, speaks virtually during the ...

The cost of borrowing is likely getting cheaper — and that's bad news for savers. The Federal Reserve is widely expected to cut its benchmark interest rate by another 25 basis points on Wednesday, ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans. By Tara Siegel Bernard The Federal Reserve lowered its key interest rate by ...