Markets Insider

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interest rates steady, even after the ECB's rate cuts.

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

You can earn up to 5.35% APY with today’s top CDs. Experts anticipate rate cuts later this year, so the sooner you lock in a great APY, the higher your earning potential could be. In addition to a great rate, the best CDs offer guaranteed returns, low risk and...

Best CD Rates Today: Boost Your Returns With These Top CDs, June 21, 2024

Steven is a personal finance writer covering topics from mortgages to credit cards to market news. He has written for The Motley Fool Canada, Ramsey Solutions, Nerdwallet, Clever Real Estate, and other major outlets. Steven launched his writing career at the age of four with his first book, "Revenge of the Bad Guys." He currently lives in Portland, Oregon.

PNC Bank CD Rates for 2024

The Motley Fool

Don't be put off by this stock's dismal performance lately -- now could be the best time to buy it with interest rate cuts on the horizon.

1 Super Stock Down 93% to Buy Before the Fed Cuts Interest Rates

Forbes Advisor

Rates on savings accounts are mixed compared to one week ago. You can now earn 5.84% or higher on your savings. Searching for an account where you can put some money aside? Here’s a look at some of the best savings rates you can find today. Traditional Savings Account...

High-Yield Savings Account Rates Today: June 28, 2024

"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

Thanks to the Fed's fight against inflation, today's best savings accounts pay as much as 5.55% APY—their highest level in 20 years. This is great news for anyone building an emergency fund, as these historically high rates will help them reach their savings goal faster. Shopping around can lead...

Build Your Emergency Fund Faster With a Record-Rate Savings Account

Mortgage rates are slowly inching down - or perhaps more accurately - centi-metering down. The 30-year fixed-rate mortgage (FRM) averaged 6.86% Thursday, according to the results of Freddie Mac’s Primary Mortgage Market Survey. That’s down exactly one basis point from last week, when the 30-year FRM averaged 6.87%.

Average Mortgage Rate Drops One Basis Point From Last Week

The average 30-year fixed mortgage interest rate is 7.05% today, down -0.01% over the last week. The average rate for a 15-year fixed mortgage is 6.50%, which is a decrease of -0.05% from the same time last week. For a look at mortgage rate movement, see the chart below. The...

Mortgage Rates Continue to Fall After Fed Decision: Today’s Mortgage Rates for June 13, 2024

New York Post

In recent years, mortgage rates in the US have soared to their highest levels in more than two decades, leaving many potential homebuyers and sellers wary. 

The Federal Reserve’s efforts to combat languishing inflation have played a significant role, as the central bank raised interest rates 11 times from 2022 to 2023, taking the benchmark federal funds rate from 0% to 5.25-5.50%, according to Yahoo Finance.

Today, the median monthly mortgage payment on a new home stands at $2,256, about 7% higher than last year, the Mortgage Bankers Association (MBA) reports. So, when will mortgage rates go down? Experts from Fannie...

This is when you can expect mortgage rates to go down — and why you should buy before a recession hits

Stocks gave up early gains to close in the red Friday despite the Federal Reserve’s preferred inflation measure showing price pressures eased in May. The Nasdaq Composite slid 0.7% to finish the week 0.2% higher. The S&P 500 fell 0.4% Friday to end 0.1% lower for the week. The Dow Jones Industrial Average slipped 0.1% to finish the week little changed. The Dow was the only index to lose ground in the second quarter. It fell about 2% while the S&P 500 and Nasdaq rose 4% and 8%, respectively.

Markets News, June 28, 2024: S&P 500, Nasdaq Retreat From Records; Indexes Notch Positive H1

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Lee County, MS

Verona, MS

Mississippi News Group

Verona, MS - On May 30, 2024, the Lee County Sheriff's Department, in collaboration with the North Mississippi Narcotics Unit, executed a search warrant in Verona, MS, following a prolonged investigation into illegal narcotics sales from a local shop according to a press release from the LCSD.

Lee County Sheriff's Department Executes Major Drug Bust in Verona

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are expected to fall this year, but they might not drop enough to improve affordability.

Mortgage Interest Rates Today, June 26, 2024 | How Much Will Rates Drop This Year?

Fox Business

Mortgage rates ticked down for the fourth straight week, but remained in the high-6% territory as the housing market continues to stall amid high rates and high home prices.

Mortgage rates fall slightly to 6.86%

Axios

The stock market has never been as concentrated as it is now — even after the recent decline in Nvidia stock. Why it matters: A large amount of the value of the stock market is concentrated in a handful of companies — which is to say, the performance of the stock market as a whole is increasingly a function of how just a few megacap tech stocks are faring.

The stock market's concentration, in one chart

The Federal Reserve should wait to cut interest rates until "at least" the end of the year, according to the head of the International Monetary Fund. The U.S. is the only G20 economy to see growth above pre-pandemic levels, and "robust" growth indicates ongoing upside risks to inflation, the 190-country agency said.

IMF says Fed should hold interest rates where they are until 'at least' end of year

Rates on 30-year mortgages fell slightly Friday, and have been wavering in upper-6% territory since early June. With a current average of 6.84%, 30-year rates are just slightly above a recent 2-month low. Several other mortgage types dipped Friday as well. National Averages of Lenders' Best Mortgage Rates. Loan Type...

Mortgage Rates Dip Lower

TheStreet

This is what could happen next to Amazon shares.

Analyst resets Amazon stock price target after all-time highs

Reuters

NEW YORK (Reuters) - The quarter end saw substantial inflows into the Federal Reserve Bank of New York's reverse repo facility on Friday. The bank reported inflows into a tool designed to set a floor underneath short-term interest rates stood at $664.6 billion, the highest level since $680 billion seen on Jan. 10.

New York Fed says reverse repo inflows hit highest level since start of year

NewsBreak

Top CD Rates Today, June 24, 2024 - 10 Options Pay 5.50% and Up

The best CD rate in the country is an eye-popping 6.00% APY, available from Nuvision Credit Union for a 10-month term. An additional nine CDs offer...

Top CD Rates Today, June 24, 2024 - 10 Options Pay 5.50% and Up

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