The Latest Breaking News from Greg McBride

The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

There's refinance relief in sight for homeowners who locked in the most expensive mortgage rates in more than 20 years.

The Federal Reserve left interest rates unchanged Wednesday, but left the door open to additional rate hikes in the future, if necessary, to curb inflation.

Sticker shock is only part of the problem for prospective buyers.

Investors soured on most S&P 500 stocks this month. And it's easy to see why: You can get 5.6% returns without all the market's drama.

Nothing hurts like an empty nest egg.

Investors analyze potential impact on tightening cycle as borrowing costs reach two-decade high.

After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing market finally started slowing in late 2022. Mortgage companies engaged in mass layoffs, real estate economists lamented a “housing recession” and home prices seemed poised for a correction.

Rates on short-term bills are generous, with no risk. Here's a look at how Treasury bills work and how to buy them.