Interest Rates

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Current Mortgage Rates as of October 9, 2024: A Comprehensive Overview
As of October 9, 2024, the average rate for a 30-year fixed mortgage is 6.46%, while the 15-year fixed mortgage rate is 5.78%, and the average rate for a 5/1 adjustable-rate mortgage is 5.96%. Oct 9th 2024
Today's Comprehensive Overview of Money Market Account Rates
Discover how you can earn nearly 5% on a money market account today. Explore the average and top rates available for money market accounts now. Oct 9th 2024
RBNZ October 2024 Monetary Policy Review: Key Insights and Future Expectations
The Reserve Bank of New Zealand (RBNZ) has cut the Official Cash Rate (OCR) by 50 basis points to 4.75%, aligning with market expectations. The RBNZ anticipates a further cut in November, potentially bringing the OCR down to 3.75% in early 2025. The bank's assessment highlights subdued economic activity and the need for adjustments in monetary policy to foster a low-inflation environment. Oct 9th 2024
Mortgage Rates Surge to Highest Levels Since July, Continuing Upward Trend
Mortgage rates for 30-year loans have surged to 6.57%, the highest since July, continuing a strong upward trend after dipping below 6% last month. Rates for other loan types have also increased. Oct 9th 2024
Chile's Inflation Rate Falls Below Expectations Ahead of Central Bank's Interest Rate Decision
Chile's consumer prices rose less than expected last month, providing the central bank with positive news as it prepares for potential interest rate cuts next week. Annual inflation decreased to 4.1%, still above the 3% target. Oct 8th 2024
Japanese Yen Strengthens While Australian Dollar Weakens as North American Trading Session Opens
The Japanese Yen strengthens while the Australian Dollar weakens as the North American trading session opens, reflecting shifts in currency dynamics and economic outlooks. Oct 8th 2024
The Federal Reserve's decision on rate cuts is influenced by inflation trends and employment data. A potential 25-basis point cut in November is likely, but future decisions will depend on economic indicators. Oct 8th 2024
Discover the latest trends in personal loan rates, including a drop to 22.06% for five-year loans, and learn how to secure the best rates. Oct 8th 2024
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