Current Mortgage Refinance Rates. Refinance rates have been similar to purchase rates recently. Last month, 30-year refinance rates averaged 6.74%, while 15-year refinance rates were around 6.10%.

Many think interest rates are too high, and a growing chorus of voices is calling on the Fed to cut rates. Are they right?

Banks also know their interest rates can’t go too much higher than what the Fed is paying. That’s because there are lots of banks and other lenders competing for customers who want to borrow.

Mortgage rates declined during every recession in recent history, except for the 1973–1975 recession of "stagflation" – when inflation was high but economic growth was slow.

Now that the budget bill has passed Congress, we can see clear projections for how it will impact deficits, government debt, and debt service expenses.

The Reserve Bank is likely to move carefully. While inflation pressures have eased, the board wants to be sure prices stay ...

The last time the Fed cut rates was in December 2024, when it trimmed rates by 0.25 percentage points, explains CBS News financial correspondent Jill Schlesinger.

Generally, it’s a great thing for the country not to go into a recession, but a strong economy is bad for rates. Currently, the 10-year yield is up a few basis points due to the news with China ...

Interest rates may have fallen this year, if not for the uncertainty and higher costs created by President Donald Trump's ...

Inflation has slowed and the labor market has softened enough to satisfy the Federal Reserve. That means the central bank is about to cut interest rates. On Aug. 23, Fed Chair Jerome Powell said ...

One tool the Fed uses involves setting interest rates and this can have a direct effect on you as a consumer. A greater money supply drops interest rates. Less money generates higher rates.