The Fed’s short-term rates matter, but the main action now is in the 10-year Treasury market, which influences mortgages, ...

The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...

If you have an existing fixed-rate loan, a change in the prime rate won’t affect your current interest rate or payments. But it will affect the rates of any new fixed-rate loans you take out.

Interest-only borrowers may pay slightly ... but they're generally a bit higher than the current prime rate. Is a HELOC a good idea right now? It indicates an expandable section or menu, or ...

The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.

Usually higher than the policy interest rate. The prime rate serves as the basis for ... provides a daily digest that includes the current overnight rate, as well as other financial information ...

This comes after the central bank’s Monetary Policy Committee (MPC) voted for a 25BPS cut today, which translates to a 0. 25% cut in the repurchase rate (repo rate).

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...