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 ...

The Federal Reserve’s most important monetary policy tool is the Fed Funds Interest Rate target. By raising or lowering this benchmark, the Fed hopes to influence the cost of credit throughout the ...

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 ...