Fed rate hike or pause?
Forecasts overwhelmingly predict a pause from the Fed this week — so what does that mean for mortgage rates? Royce Bair/Getty Images The 10-second guide to mortgage rates this week …
Home and Financial Services Editor
What is a brokerage account?
A brokerage account is a financial account that allows individuals to buy, sell, and hold various types of financial assets, such as stocks, bonds, mutual funds, exchange-traded funds (ETFs), and …
Best 6-month CD rates for September 2023
Six-month CDs have some of the best rates out there right now. Here’s a roundup of some of the top offerings. Chawalit Banpot/Getty Images/iStockphoto The 10-second guide to 6-month CDs …
What is equity in a home?
Home equity is your ownership stake in your home and can be a powerful source of cash. Tatyana Khanko/Getty Images The 10-second guide to home equity Home equity is the …
Best 18M CD rates for September 2023
CD rates are excellent almost across the board right now, including on 18M CDs. Here are some of the best rates we’ve found. PM Images/Getty Images CDs, or certificates of …
Mortgage rates for September 5: Rates ease slightly
The average for a 30-year fixed-rate mortgage was 7.08% on September 1, according to Mortgage News Daily — a decline of 0.31 points from the week before. adamkaz/Getty Images Mortgage …
What is a HELOC?
A home equity line of credit, or HELOC, is a type of second mortgage. It allows you to borrow against your house, taking a portion of your home equity — …
CD rates at online banks will earn you more interest in a day than a y
Thanks to the Federal Reserve’s streak of hikes to the federal funds rate, interest rates on all types of consumer financial products have soared in 2023. Wong Yu Liang/Getty Images …
Is a recession coming? Some economists are starting to say no
After months of dire predictions for a recession in 2023, it seems there may be a better chance the Federal Reserve can achieve a soft landing — at least until …
How high will mortgage rates go?
The average for a 30-year fixed rate mortgage touched 7.37% on Thursday and stayed there through Friday, according to Mortgage News Daily. ucpage/Getty Images/iStockphoto Mortgage rates soared to their highest …