On Thursday, Banco de Mexico (Banxico) reduced interest rates by 50 basis points from 9% to 8.50% on an unanimous vote.

The average rate on a 30-year mortgage has remained relatively close to its high so far this year of just above 7%, which it set in mid-January. The average rate’s low point so far was five weeks ago, ...

Considering a low-rate HELOC or home equity loan this month? Here are four borrowing rules experts say to follow.

Forthcoming changes to the Federal Reserve’s rate-setting framework are unlikely to influence officials’ current decisions.

Economists expect the bank to continue a trend that started in 2024 when it initiated its interest rate cuts. It has slashed ...

Wall Street bounced between small gains and losses as markets await retail sector data and hints from the Fed.

Despite all the tumult in the markets, the underlying data—which comes in with a lag—suggests the economy is still faring ...

The Federal Reserve has likely come across your radar at some point. Often referred to as simply "the Fed," this central ...

Hyperbole aside, last month’s inflation rate was lower than economists expected. But some analysts believe the relatively strong report could be the final calm before the storm, as American firms ...

Core CPI, which excludes volatile food and energy prices and is seen as a better measure of underlying inflation trends, was ...

The Bank of Mexico will likely cut its benchmark interest rate by 50 basis points at its meeting on May 15, taking it to 8.5% ...

The post Fed Holds Interest Rates Steady in Defiance of Trump's Call for a Cut—What It Means for Mortgage Rates appeared ...