The average mortgage refinance rate on a 30-year term is now 6.75%, as of January 8, 2026, according to Zillow. The median refi rate for a 15-year term increased overnight, moving from 5.50% to 5.72%. So there may be some limited but valuable opportunities for current homeowners with these new options.

Interest is one of the ways lenders make their money, and it’s what makes it worth it for them to give out loans. If you’re borrowing money, interest is the cost the bank charges you for the service. On the flip side, if you’re stashing your money in ...

In a widely anticipated move, the Federal Reserve voted earlier this month to lower the federal funds rate by a half point. For the first time since the sharp COVID recession four years ago, the Fed saw enough signs of a weakening economy to lower interest ...

CHICAGO (WLS) -- Interest rates affect your finances in several ways. Craig Bolanos is a financial expert with Wealth Management Group. He joined ABC7 Thursday morning with four things you need to do before the Fed raises interest rates. Step 1: First, you ...

Just under 90%. That's the likelihood the Federal Reserve will cut interest rates when it wraps its final 2025 meeting on December 10. Now at a range between 3.75% to 4.00%, the central bank is widely expected to issue another 25 basis point cut, bringing ...

Find out how lower interest rates encourage investment by reducing borrowing costs for businesses, boosting economic growth and consumer spending.

Discover the most competitive auto loan rates available in 2025.