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Fed Cuts Rates Again, Though Mortgage Rates Are Already Down

The Federal Reserve announced a 25-basis-point cut to the federal funds rate at the conclusion of its meeting on Wednesday, Oct. 29. The bankers had shifted into rate-cutting mode back in September ...
Canadian Mortgage Trends

Big Six banks cut prime rate by 25 bps following Bank of Canada move

Canada’s largest banks have lowered their prime rates by 25 basis points, matching the Bank of Canada’s latest rate cut, ...

Bank of Canada to cut interest rate once more on Oct. 29, say economists

The Bank of Canada will reduce its overnight interest rate by 25 basis points on Oct. 29 for a second consecutive time to ...

What will next Fed rate cut mean for mortgages, credit cards and car loans?

While a Fed rate cut is big news, consumers might only be expected to see slight relief when it comes to much borrowing.

Fed Cuts Rates as Officials Worry About Labor Market

The Federal Reserve cut interest rates by a quarter point for the second time this year. Investors lowered the probability of ...
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How does the prime interest rate affect you?

Credit card lenders add a margin to the prime rate to arrive at your card’s variable APR. The prime rate impacts the cost of credit on consumer loans, including credit card accounts, with the rates on ...