If you’re wondering when interest rates on credit cards and car loans will start falling again, don’t hold you breath this week when the Federal Reserve’s policy committee meets. Interest-rate traders see little chance that the Fed will lower interest rates at the end of Wednesday’s meeting or the following one. That means Americans won’t
Refinance rates moved higher again as of May 6, 2025, according to the latest data from the Mortgage Research Center. The 30-year fixed refinance rate rose to 6.92%, while the 15-year fixed rate dropped slightly to 5.76%. 30-year fixed refinance rates move up The average 30-year fixed-rate refinance hit 6.92%, up from 6.10% a week
Fears of an economic slowdown are expected to prompt a Bank of England rate cut next week – with more to follow – leading to potentially big savings for millions of mortgage borrowers The Bank of England could slash its base rate to 3.75% this year in a boost to the home sales(Image: Yui Mok/PA
Since 1999, millions of savers have relied on the Cash ISA to protect their hard-earned money from tax and stock market turmoil. Now, that sanctuary is under siege. Reports suggest that Reeves is plotting to slash the £20,000 annual ISA allowance to just £4,000 from April 2026. This would be a devastating blow to savers,
Fast-growing fruit trees for your backyard harvest Here are five fast-growing fruit trees you can plant in your backyard for a quicker harvest. unbranded – Lifestyle Rates for home loans remained high as consumer and investor confidence takes a hit amid the White House’s tariff roll-out. In the week ending April 24, 30-year fixed-rate mortgages
Many first-time buyers do not fully understand how mortgage rates are tiered Choosing a mortgage can feel daunting, especially for first-time buyers unfamiliar with the process or existing homeowners facing the prospect of higher bills if mortgage rates are higher than when they bought their property. Borrowers will be keen to find the cheapest possible
Trump nominated Jerome Powell to lead the Federal Reserve in 2017, then quickly turned on him. Drew Angerer/Getty Images Angered about interest rates, President Trump lashed out at Federal Reserve Chairman Jerome Powell Thursday, saying the central banker’s “termination cannot come fast enough!” Most presidents try to maintain distance from the Fed, whose leaders pride
A ‘For Sale’ sign is posted in front of a home for sale on March 5, 2025, in Pasadena, Calif. Credit – Mario Tama—Getty Images Last week, after President Donald Trump’s introduction of his “Liberation Day” tariffs, the global and U.S. stock markets took a major hit, as Wall Street slumped and the U.S. dollar
On its face, it’s a simple solution to a simple problem — many people are struggling to get home loans big enough to afford a property, so why not relax the rules around how much people can borrow? That’s what the Coalition is proposing to do, should it win the federal election on May 3.
Tesla trade-ins hit record high amid Elon Musk controversy Tesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk’s involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled