Dozens of nationally available CDs will let you lock in a rate of 5% or better—up to a high of 5.40%. But a Fed rate cut is almost certainly coming next month, and it's already pushing CD rates lower. That means the best time to lock in a CD...

Don't Wait to Guarantee a 5% CD Rate—APYs Could Start Falling Fast

CBS News

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  Mortgage rates have been high over the last few years, but it appears that may be changing. With inflation cooling, mortgage rates finally dropped in August to 6.47%, the lowest rate across the prior 15 months. Federal Reserve Chair Jerome Powell also suggested last week that the central bank will cut rates in September, which would likely have an impact on mortgage rates. Although these anticipated interest rate cuts offer prospective buyers hope, there's no guarantee of how low rates...

How low could mortgage rates drop this September?

With the Fed expected to lower rates in September, it's a smart time to open CDs that guarantee today's great returns well into the future. Below we lay out more than 30 excellent options for locking in a CD rate until 2026, 2027, or even 2028–2029—with returns up to 5.25%.

The Best CDs to Lock in a Rate Until 2026 to 2029—Before the Fed Cuts Rates

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  It may be hard to believe now, but it wasn't that long ago that mortgage interest rates were near historic lows. On August 27, 2020, the average rate on a 30-year loan was 2.91%. One year later, it had dropped even further to just 2.86%. However, as the pandemic and influencing economic factors waned, inflation rose dramatically and by June 2022 it was at a 40-year high. Interest rates soon followed, and by August 2023, the average mortgage interest...

Here's when mortgage interest rates could fall below 6%

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

Here's What Could Happen to CD Rates if the Fed Cuts Interest Rates Next Month

Business Insider

These are today's mortgage and refinance rates. Mortgage rates finally dropped below 6% in August, and they're expected to continue falling this year.

Mortgage Interest Rates Today, August 28, 2024 | Rates Below 6% for the First Time This Year

Forbes Advisor

Rates on savings accounts are rising. 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 Rates Today. Traditional savings accounts,...

High-Yield Savings Account Rates Today: August 29, 2024

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  Inflation has been higher than the 2% target rate for years now, forcing the Federal Reserve to raise interest rates — and keep them there. That's been a challenge for hopeful homebuyers or anyone else looking to borrow money at today's high rates, but for savers, it's been a boon.Changes might be coming, though.Recent reports show that inflation has been cooling rapidly over the last three months, and, in turn, the Fed has indicated rate cuts may be in...

CD interest rate forecast for fall 2024: Everything experts predict

For a 30-year fixed-rate mortgage, the average rate you’ll pay is 6.57% today, up 0.02% over the last week. The average rate for a 15-year fixed mortgage is 5.99%, which is a decrease of -0.01% from the same time last week. For a look at mortgage rate movement, see the chart below.

Good News for Mortgage Rates as Inflation Falls Below 3%. Today’s Mortgage Rates, Aug. 14, 2024

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

The Motley Fool

The Federal Reserve is expected to gradually lower interest rates for the next couple of years. Learn what it could mean for your savings account.

What Will Savings Account Interest Rates Be in 2025? Here's What We Know

The Federal Reserve confirmed it on Friday: “The time has come” for an interest rate adjustment. While he didn’t specify when rate cuts will begin, Chairman Jerome Powell’s comments at the Fed’s economic symposium support expectations of a cut as soon as the next Federal Open Market Committee Meeting in September.

Best CD Rates Today -- Lock in a High APY While You Still Can, Aug. 26, 2024

24/7 Wall St.

With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction. That’s not to say that capital is increasingly flowing into mega-cap companies that are generally considered to be safer due to their size. In fact, a rotation has been building […]
The post 3 Stocks That Will Pop From a Big Interest Rate Cut appeared first on 24/7 Wall St..

3 Stocks That Will Pop From a Big Interest Rate Cut

TheStreet

Here's what stocks investors are chasing ahead of interest rate cuts.

Stocks to consider buying after Fed speech resets interest rate bets

California State

The national average price for a regular gallon of gas was $3.36 going into Labor Day weekend. In much of the South, drivers pay the lowest prices of less than $3 a gallon. Prices on the West Coast are some of the highest in the nation but are lower than they were last year.

These States Have the Most Expensive Gas Prices This Labor Day Weekend

The Hill

A record number of 401(k) accounts contained $1 million or more during the second quarter of 2024, according to an analysis from Fidelity Investments. There were about 497,000 so-called 401(k) “millionaires” last quarter, a 2.5 percent increase from 485,000 during the first quarter, according to Fidelity’s analysis of 24 million 401(k) accounts across 26,000 employer-sponsored…

401(k) millionaires reaches record high: Fidelity

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Total Apex Sports & Entertainment

Mercury Direct will provide three zodiac signs with abundance and fortune on August 28. It will help them get back on track and remove their obstacles. The astrological transit will put things for the signs. What’s holding you back from exploiting your potential?

3 Zodiac Signs Whose Fortune Era Will Start | August 28, 2024

NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Kohl's beat profit estimates for the second quarter, despite lower sales, as the discount department store operator cut costs. Kohl's warned about a challenging consumer environment but raised its full-year outlook for earnings per share. Kohl's shares edged higher Wednesday, but they've lost nearly a third of their value this...

Kohl's Cuts Costs to Address a Challenging Consumer Environment

The market is expecting an interest rate cut in September, and the Fed just all but confirmed it will happen.

The Fed Just Flagged Its First Interest Rate Cut Since March 2020. It Might be Bad News for Stocks.

NewsBreak

I Bond Owners May See Their Rate Drop a Percentage Point This Weekend

Each I bond's rate adjusts every six months. That means about one in six current I bond holders will see their rate change on Sept. 1....

I Bond Owners May See Their Rate Drop a Percentage Point This Weekend

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