The Latest Breaking News from Greg McBride

Monthly auto loan payments broke the $700 level for the first time.

Mortgage rates are surging higher, inflation is soaring, and many experts are forecasting a recession may soon be on the way. Despite these negative impacts on the housing market, real estate remains America’s favorite long-term investment in 2022, according to a just-released Bankrate survey. It was the third time in…

The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them.

And only 22% surveyed said they feel they will have enough money to live comfortably once they retire.

The three benchmark indexes in the stock market rose on Monday, but the correction could continue.

The Federal Reserve made headlines at its May meeting when it raised interest rates by the single biggest hike since 2000, but another lesser-known decision — albeit a substantially more complex one — could have an even greater influence over how much you pay to borrow money.

Following CD rates in recent years has been a lot like watching paint dry at the bottom of a barrel: little perceptible change in rock-bottom returns.

Last week, the Federal Reserve announced that it’s raising interest rates by half a percentage point, bumping the federal funds rate to a target range of 0.75 to 1.00 percent. The move follows an increase of 0.25 percent in March, as the Fed continues reducing liquidity to the financial markets…

The Federal Reserve is set to raise interest rates at its May meeting after it hiked rates for the first time since 2018 in March. The nation’s central bank is expected to lift the benchmark Fed funds rate by 0.5 percent, according to the CME FedWatch Tool.