With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a ...

Home Prices Are Too High for Some Buyers. To help combat rising inflation, the Federal Reserve has been increasing interest rates. Rising interest rates mean consumers are paying more to borrow money.

Higher rates can have a significant impact on your plan to pay off your debt. Here's how. Getty Images There's no question that you've heard about today's high interest rates, and if you have any ...

The Fed raised rates by 0.25 percentage point. For borrowers, the higher interest rate means paying even more on credit cards, student loans and other types of variable-rate debt.

The Federal Reserve's recent decision to maintain high interest rates for an extended period has sparked a debate over its potential impact on the U.S. economy. Despite the ongoing economic ...

Are you considering taking out a new high-interest loan or opening a credit card? Do you already have high-interest debt? In either case, you may be wondering how this debt can impact your ...

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.

Consumers don’t need an economics lesson to understand the impact of high interest rates. They feel it in the cost of mortgages, currently above 7.5 percent for a 30-year, fixed-rate mortgage ...

Some retail store credit cards are now carrying whopping rates of more than 30%. “[Interest rate hikes] will most acutely impact those consumers who do not pay off their credit card balances in ...

As we hit the halfway mark of 2024, the financial landscape continues to be characterized by high interest rates. While the beginning of the year offered some optimism that rates would soon ...

Low Interest Rates, High Inflation Impact How Americans Save. Nearly 4 in 5 have reallocated savings, according to NerdWallet's 2022 Banking Report. Many, or all, ...

Federal Reserve Bank of Richmond President Thomas Barkin said he expects high interest rates to slow the economy further and cool inflation to the central bank’s 2% target.