Today’s average mortgage rate on a 30-year fixed-rate mortgage is 6.87%, down 0.11 percentage point from the previous week, ...

In the context of credit cards, the periodic rate times the number of periods in a year. For example, a 1.5% monthly rate has an APR of 18%. In the context of consumer lending, the APR takes into ...

A bill to limit the interest rate on credit cards has been introduced in Congress. The banking industry says capping rates would have unintended consequences.

Existing-home sales fell 4.9 percent in January to a seasonally adjusted annual rate of 4.08 million. However, that still ...

It takes time for the Fed’s decisions to filter through the economy — and then even more time for consumers to see the difference.

Despite the drop in interest rates, some high-yield savings accounts still offer around a 5% annual percentage yield (APY) — up from the pandemic-era rates of 1% and the highest since the 1990s.