30-year fixed refinance mortgage rates didn’t budge at 6.61% today, according to the Mortgage Research Center. Rates averaged 5.52% for a 15-year financed mortgage and 6.38% for a 20-year financed mortgage. Related: Compare Current Refinance Rates !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[“datawrapper-height”][t]+”px”;r.style.height=d}}}))}(); 30-Year Refinance Rates Climb 0.53% The current 30-year, fixed-rate mortgage […]
Key Takeaways The highest money market account rate available today is 4.35% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates As of today, the highest money market rate is 4.35%, compared to a national average […]
Key Takeaways Today’s highest CD rate is 4.94% for a jumbo 6-month CD. CD rates from online banks are commonly twice as high as the national average rates. CD ladders let you leverage high rates without locking up all of your money long-term. The best interest rates on CDs—certificates of deposit—range as high as 4.94% […]
The current average mortgage rate on a 30-year fixed mortgage is 6.53%, compared to 6.51% a week earlier, according to the Mortgage Research Center. For borrowers who want a shorter mortgage, the average rate on a 15-year fixed mortgage is 5.51%, up 0.46% from the previous week. Homeowners who want to lock in a lower […]
Key Takeaways Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates Online banks tend to offer the best yields available Rates on savings accounts are the same compared to one week ago. You can now earn as much as 5.84% on your […]
At today’s economic symposium in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell hinted that the Fed could start cutting interest rates as soon as its September meeting. While most eyes are on the impacts on high-yield savings accounts and certificates of deposits, lower rates could also shake up the housing market. For homeowners and […]
During a speech this morning at the Federal Reserve Bank of Kansas City’s economic symposium in Jackson Hole, Wyoming, Federal Reserve Chair Jerome Powell addressed the tensions behind the central bank’s upcoming decision on the federal funds rate. He stopped short of confirming a move, but his comments suggest that the Fed may prepare to […]
Wall Street heard what it wanted to hear. Federal Reserve Chair Jerome Powell, speaking Friday from the mountain air of Jackson Hole, Wyoming, all but confirmed the Fed may cut interest rates at its September meeting. Within minutes, Treasury yields fell, the dollar weakened and the S&P 500 snapped a five-day losing streak, its longest […]
Generation-Z understands the importance of credit scores, but that awareness comes with a catch. USAA Bank’s recent report, “Gen-Z and the Path to a Perfect Credit Score,” found that 54% of Gen-Z feels anxious about checking their score. And of those who feel anxious, nearly two-thirds avoid looking at it altogether. It’s a paradox: The […]
The Chase Sapphire Reserve®—one of the priciest and most perk-packed credit cards on the market—is a no-brainer for a select group: active-duty U.S. military members and their spouses. Thanks to protections under the federal Military Lending Act (MLA), Chase is waiving the card’s hefty $795 annual fee for qualifying service members. This means military families can unlock […]