Rates Mean End of Low Interest Costs
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Despite record federal deficits, the Bush administration has benefited from historically low interest payments, but as rates continue to rise, the era of cheap debt service may be over.
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Consumer prices calmed down in November, helped by smaller increases in energy and food. That means the Federal Reserve probably will continue raising interest rates only gradually to keep inflation under control.
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WASHINGTON, Aug. 19 (Xinhuanet) -- The average interest rate of 30-year mortgages in the United States declined to the lowest level in four months this week, US mortgage giant Freddie Mac reported on Thursday.
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When the tax bill is coming due, it can pay to sell low.
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Some economists warn the market's fate hinges largely on mortgage rates because low interest rates are the reason buyers have been able to continue to afford ever-increasing home prices here.
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The Bank of England has decided that interest rates will stay the same despite a consumer slow-down. Your views?
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Prices and interest rates are up, but that isn't necessarily a bad thing
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WASHINGTON -- Interest rates on short-term Treasury bills fell in yesterday's auction to the lowest levels since June.
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Business & money: Lenders move swiftly to cut home loan rates after the Bank of England cut the price of borrowing
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WASHINGTON - Interest rates on short-term Treasury bills fell in auction yesterday with the rate on six-month bills dropping to the lowest level in a month.
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The Federal Reserve cut a key interest rate today, aiming to prevent turbulence in the housing and credit markets from slowing the U.S. economy.
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For the first time in more than four years, the Federal Reserve appears ready to lower interest rates to prevent a housing meltdown and a painful credit crunch from driving the economy into a recession.
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The Federal Reserve is likely to make one of three moves on interest rates.
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WASHINGTON -- Individuals and businesses are likely to see their borrowing costs drop further as the Federal Reserve weighs another interest-rate reduction to bolster a sagging economy.
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WASHINGTON -- Federal Reserve policy-makers saw a lessening of economic threats from the housing slump but continued to worry about inflation as they decided last month to leave existing interest rates intact.
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A decade of low-interest lending allowed U.S. consumers to run up debt. But with rates rising, they can no longer count on borrowing their way out of trouble