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.

While the Fed does not set mortgage rates, its decision has a direct impact on them. As of March 13, the latest data made available by Freddie Mac, the 30-year fixed-rate mortgage was 6.65 percent, ...

The Federal Open Market Committee has raised interest rates by 5.25 percentage points since March 2022 in an effort to combat inflation. However, economists anticipate that the Federal Reserve may ...