The highest money market account rate available today is 4.50% 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.

The average rate on 30-year fixed home loans increased to 6.72% for the week ending July 10, up from 6.67% last week.

A new report shows inflation has picked up and analysts believe the prices of many goods increased, in part, because of President Trump’s tariffs. It will play into decisions by the Federal Reserve about when and whether to cut interest rates and comes as the president and his team have ramped up their pressure campaign on Fed Chair Jerome Powell.

Many analysts still expect two rate cuts between now and the end of 2025, one in August and one in November, to bring the base rate down to 3.75 per cent. Rob Clarry, investment strategist at Evelyn Partners, noted the markets still felt that way too: “Traders continue to expect two further 25 basis point interest rate cuts this year.”

Tennessee announces a new maximum effective interest rate of 11.50% for loans, reflecting a 4% increase over the current prime rate, as reported by the state's Department of Financial Institutions.

The average rate on 30-year fixed home loans decreased to 6.67% for the week ending July 3, down from 6.77% last week.

Three of the four largest banks in the U.S. together reported a mixed picture of how much money they made from interest income during the second quarter. Here were the numbers compared with the second quarter of 2024: JPMorgan Chase: $23.

For today’s segment, we here at 7News will look at Lawton’s housing market, with numbers courtesy of Parks Jones Realtors.