The Federal Reserve last month cut interest rates for the first time in more than four years, by a bold half point, in part thanks to inflation coming under control. Lower borrowing costs make it cheaper for American shoppers to buy durable goods such as appliances, cars and furniture, which are usually bought on credit.

With the Fed managing a soft landing, interest rates may come back down just as quickly as they went up. Read more here.

Although the Fed doesn't set consumer interest rates directly, when it lowers its benchmark interest rate, borrowing rates tend to follow. What this means is that as the Fed continues to cut rates, it could get a lot less expensive to sign a personal loan or finance a car. You may also find that a mortgage costs you less.

US mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of the relief Americans felt this summer when mortgage rates fell in anticipation of a rate cut from the Federal Reserve as inflation improved.

The Federal Reserve's decision to cut interest rates presents a dual-edged sword for the tech sector, offering both significant opportunities and notable challenges.

These are today's mortgage and refinance rates. Mortgage rates have gone up this month, but they're still expected to decrease throughout 2025.

The average 30-year mortgage rate has surged over the course of October, returning to highs last seen in the summer.

U.S. mortgage rates increased for a fourth straight week this week, suggesting the housing market could remain on the back foot for some time even as the Federal Reserve cuts interest rates.

The average rate on a 30-year mortgage in the U.S. rose again this week, reaching its highest level in nearly three months. The rate rose to 6.54% from 6.44% last week, mortgage buyer Freddie Mac said Thursday.

Mortgage rates have climbed higher for a month straight, pushing down demand as more Americans become priced out of the housing market due to high rates and home prices.