Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Mortgage rates inched down following a Friday speech from Federal Reserve Chair Jerome
Mortgage rates are all over the place today — there hasn’t been a clear shift upward or downward since yesterday. For example, Zillow data shows that the average 30-year fixed mortgage rate is down five basis points at 6.01%, the 20-year fixed rate hasn’t changed and sits at 5.69%, and the 15-year fixed rate increased
Bitcoin surged above 5% in the past 24 hours after Fed Chair signaled that a rate cut is imminent. Cryptocurrency prices often perform better during lower interest rates environment. The general crypto market rallied, with several cryptocurrencies in key categories posting sizable gains. The rising stablecoin market cap indicates stronger buying pressure. Bitcoin (BTC) has
Despite the decentralized nature of cryptocurrencies and other digital assets, Web3 businesses need banking partners. But on Thursday (Aug. 8), news broke that Pennsylvania-based Customers Bank, one of the only crypto-friendly banks in the U.S., was served with a 13-page regulatory enforcement action by the Federal Reserve related to its digital asset and dollar token
Customers Bank, one of the last of crypto friendly American banks has been warned by the Fed. The Federal Reserve, which controls the U.S. money system, has taken action against the bank because they’re not happy with how the bank handles risks and fights against money laundering .This is a big deal, especially because Customers
The governing body of the Federal Reserve System has issued an enforcement action against Customers Bancorp, the parent company of state-chartered Customers Bank known for doing business with crypto exchange platforms and stablecoin issuers. The Federal Reserve Board (FRB) says the Pennsylvania-based bank holding company and its subsidiary have significant deficiencies in risk management practices
Some Fed watchers are urging the central bank to do something it rarely does: lower rates outside of a regularly scheduled policy meeting. The Fed has done so before, but typically during times of extreme crisis. The 2020 global pandemic. The 2008 financial meltdown. The 1987 “Black Monday” market crash. The calls for the Fed
The question of where interest rates are headed is a critical one for borrowers, savers, and investors alike. This article dives into expert predictions for the next five years, exploring what the Fed’s policy decisions might mean for your financial future. The Federal Reserve acts as the captain of the interest rate ship. They steer the course
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Last week, 30-year mortgage rates averaged around 6.58%, according to Zillow data. This
Boston Fed president Susan Collins told Yahoo Finance there are “scenarios” consistent with 1 or 2 interest rate cuts “later in the year” while cautioning that the central bank has to stay patient amid volatile readings on inflation. “It seems to me there are very plausible scenarios where later in the year it would be