Home renovation costs can be high but well worth the investment. New interest rate cuts mean that homeowners can tap their home equity to tackle an improvement project like gutting their bathroom or sprucing up a guest bedroom. The Federal Reserve lowered its target interest rate by a quarter point Wednesday, which means that banks […]

Continue Reading →

Advantageous interest rates can only benefit you, as they help keep your credit score high and make loan payments more manageable. Borrowers with great credit will reap these benefits as banks cut prime interest rates, making it the perfect time to invest in a business, if you feel so inclined. Prime Time Following the September […]

Continue Reading →

Key Takeaways Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates Online banks tend to offer the best yields available Rates on savings accounts are relatively unchanged since last week. You can now earn as much as 5.50% on your savings. In […]

Continue Reading →

Key Takeaways Today’s highest CD rate is 4.94% for a jumbo 6-month CD. CD rates from online banks are commonly twice as high as the national average rates. CD ladders let you leverage high rates without locking up all of your money long-term. The best interest rates on CDs—certificates of deposit—pay up to 4.94% today, […]

Continue Reading →

The current mortgage rate on a 30-year fixed mortgage rose by 1.12% in the last week to 6.32%, according to the Mortgage Research Center. Meanwhile, the APR on a 15-year fixed mortgage climbed 0.12 percentage point during the same period to 5.36%. For existing homeowners, compare your current mortgage rates with today’s refinance rates. 30-Year […]

Continue Reading →

30-year fixed refinance mortgage rates stayed flat at 6.4% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.35%. For 20-year mortgage refinances, the average rate is 6.02%. Related: Compare Current Refinance Rates !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r,i=0;r=e[i];i++)if(r.contentWindow===a.source){var d=a.data[“datawrapper-height”][t]+”px”;r.style.height=d}}}))}(); 30-Year Refinance Rates Climb 0.87% The average […]

Continue Reading →

Key Takeaways The highest money market account rate available today is 4.35% Changes from the Fed or your bank can quickly change money market rates Online banks typically offer the most competitive yields on the market Current Money Market Rates The current average money market rate is 0.52%, while the highest rate is up to […]

Continue Reading →

Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A home equity line of credit […]

Continue Reading →

The right travel card can turn everyday spending into free flights, hotel stays and unforgettable experiences. But with a sea of options, many with high annual fees, how do you know which ones are truly worth it? To find the best credit cards for travel, we began with a pool of over 400 credit cards […]

Continue Reading →

For travel enthusiasts, The Platinum Card® from American Express (Terms apply, rates & fees) has long been a staple of luxury perks and premium rewards. Among its many benefits, two annual statement credits stand out: its airline fee credit and hotel credit. Both help card members offset the card’s hefty $895 annual fee, but they’re […]

Continue Reading →