Today’s certificate of deposit (CD) interest rates are some of the highest we’ve seen in more than a decade thanks to several rate hikes by the Federal Reserve. Still, CD rates vary widely across financial institutions, so it’s important to ensure you’re getting the best rate possible when shopping around for a CD. The following […]
Tag: rates
Savings interest rates today, June 22, 2024 (best account provides 5.30% APY)
Today’s savings account interest rates are some of the highest we’ve seen in more than a decade due to several rate hikes by the Federal Reserve. Even so, savings interest rates vary widely by bank, so it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The […]
Both rates and housing prices decrease
Most mortgage rates dipped today, though the decreases were small. And there’s more good news: Housing prices are starting to drop in certain cities around the U.S., such as San Antonio and Tampa. Lower listing prices and slightly lower mortgage rates could mean it’s a good time to buy a house. “These lower mortgage rates […]
Interest Rates: Americans Are Losing Money On Emergency Funds
—This should be boom time — the cash version of a bull stock market — for Americans’ emergency fund accounts. But despite interest rates on savings hovering around 5%, many Americans’ rainy-day funds are drowning in accounts that earn about 10 times less. ↑ X NOW PLAYING How To Protect Your Savings From Rising Inflation […]
Fees increasing at Steuben County landfill, transfer stations. Here are the new rates.
Tipping fees at the self-supporting Steuben County landfill and its transfer stations will increase beginning July 1. Eric Rose, Steuben County Department of Public Works Commissioner, said the fee increase will fund the Steuben County Solid Waste Division Enterprise Fund. The Steuben County landfill and its transfer stations, in Erwin, Hornell and Wayland, rely solely […]
Record high prices, rising mortgage rates dampen US home sales
By Lucia Mutikani WASHINGTON (Reuters) -U.S. existing home sales fell for a third straight month in May as record-high prices and a resurgence in mortgage rates sidelined potential buyers from the market. There was, however, some encouraging news on the housing market, with the National Association of Realtors reporting on Friday that housing inventory jumped […]
Markets have ‘lost the plot’ on interest rates: Strategist
June’s Purchasing Managers Index (PMI) data release shows signs of economic acceleration, with a reading of 54.6 surpassing economist expectations of 53.5. JPMorgan Asset Management Global Market Strategist Jack Manley joins Catalysts to discuss his market (^DJI, ^IXIC, ^GSPC) outlook in light of this data. Manley expresses frustration with the prevailing market theme of “good […]
BOJ deputy governor Uchida signals readiness to raise rates further
Bank of Japan Deputy Governor Shinichi Uchida said on Friday the central bank will “adjust the degree of monetary support” if the economy and prices move in line with its forecasts, signalling readiness to raise interest rates further. Economy is recovering “Japan’s economy is recovering moderately, although there are some weak signs,” Uchida said in […]
CD rates today, June 20, 2024 (top APY reaches 5.15%)
If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with the best […]
Mortgage Rates in the US Decline to a Two-Month Low of 6.87%
(Bloomberg) — Mortgage rates in the US dropped for a third consecutive week, falling to the lowest level since early April. Most Read from Bloomberg The average for a 30-year, fixed loan was 6.87%, down from 6.95% last week, Freddie Mac said in a statement Thursday. While the string of recent declines helps ease some […]
China leaves benchmark rates steady as PBOC walks tight rope
SHANGHAI/SINGAPORE (Reuters) -China left benchmark lending rates unchanged at a monthly fixing on Thursday, in line with market expectations. WHY IT’S IMPORTANT The steady monthly LPR fixings underscore that Beijing’s monetary easing efforts continued to be limited by narrowing interest rate margins and a weakening currency, despite a flurry of recent data showing more support […]
A stock market correction is coming as rates, inflation, and valuations darken the outlook for investors, strategist says
Yichiro Chino/Getty Images The S&P 500 is in for a 5% drop, according to CFRA’s Sam Stovall. The veteran strategist warned of a veteran backdrop for stocks. The market could see its first “crack on the ice” in the tech sector, he warned. The stock market is in for a correction, as a trio of unfavorable […]