The COFIX (Cost of Funds Index), the benchmark for variable-rate housing mortgage loans in the banking sector, has risen for the third consecutive month. COFIX is the weighted average interest rate of ...
The FOMC cut the federal funds rate by a quarter-point, but that's unlikely to cause 30-year mortgage rates to fall by the same amount. The December rate cut might be advantageous for builders and ...
Thanks to its latest decision on Wednesday – its final one for 2025 – the Federal Reserve has now reduced its key overnight lending rate by 1.75 percentage points since it began its rate-cutting cycle ...
Here’s how the central bank’s latest cut will affect loans, savings accounts and investments—and what financial moves to consider Written By Written by Staff Money Writer, WSJ | Buy Side Molly Grace ...
Savings rates remain appealing as we head into the weekend, with many high-yield savings accounts (HYSAs) still paying between 4.00% and 5.00% APY. It's one of the easiest ways to keep your cash ...
Savers are still getting solid returns so far this December, with many high-yield savings accounts (HYSAs) offering between 4.00% and 5.00% APY. It's one of the simplest ways to earn more on your ...
Desjardins's prime rate is 4.70%. The prime rate underpins variable-rate mortgage products. When the Bank of Canada adjusts its overnight rate, Desjardins's prime rate increases or decreases by the ...
Mortgage brokers may offer rates that are lower than a bank's posted or discounted rates. Browse the table below and click the 'Explore Quote' button to start a conversation with a mortgage broker, if ...
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. While each of the recent rate reductions has slowly chipped away at ...
One concern: While AI might not be in a bubble that’s about to burst, there is genuine uncertainty about just how profitable every company with enormous aspirations is going to be — and whether the ...
The average 30-year fixed mortgage rate fell to 6.37% this week, down six basis points from 6.43% the week before, according to U.S. News data. Mortgage refinance rates also pulled back this week, ...