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Fed Cuts Rates Again, Though Mortgage Rates Are Already Down
National

Fed Cuts Rates Again, Though Mortgage Rates Are Already Down

  • Kate Wood

The Federal Reserve announced a 25-basis-point cut to the federal funds rate at the conclusion of its meeting on Wednesday, Oct. 29. The bankers had shifted into rate-cutting mode back in September with a crop of the same size. A basis point is one one-hundredth of a percentage point, so today’s trim amounts to a...

National

I’m a Banking Nerd: 4 Rules I Follow Before Moving My Savings

  • Margarette Burnette

I’ve researched savings accounts for more than a decade. I know that choosing the right account can mean the difference between earning an extra $1,000 or more at the end of the year, and earning next to nothing. (Been there, done that.) But when it comes to my personal savings, I also don’t chase every...