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Federal Reserve news
Fed leaves rates unchanged
Slightly optimistic about the economy, the FOMC leaves rates untouched for a fifth time.
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ByGreg McBride, CFA
Fed Outlook Blog»
Fed: Inflation 'subdued'
The Federal Open Market Committee concluded this afternoon and three things stand out in the statement.
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Trends & Analysis»
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Interest Rate Roundup
See rates from our survey of CDs, mortgages, home equity products, auto loans and credit cards.

Mortgages
Mortgage rates drop again
The 30-year fixed-rate mortgage fell to 5.7 percent, according to Bankrate's weekly survey.

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The Federal Open Market Committee

The rate-setting Federal Open Market Committee meets at least eight times a year. Its members include the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York and a rotating selection of presidents of the other 11 reserve banks. Its members are:

  • Ben S. Bernanke, Board of Governors, chairman
  • William C. Dudley, New York, vice chairman
  • Dennis P. Lockhart, Atlanta
  • Donald L. Kohn, Board of Governors
  • Charles L. Evans, Chicago
  • Jeffrey M. Lacker, Richmond
  • Janet L. Yellen, San Francisco
  • Kevin M. Warsh, Board of Governors
  • Elizabeth A. Duke, Board of Governors
  • Daniel K. Tarullo, Board of Governors
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About this index
Overnight Averages
Product Rate +/- Last week
30 yr fixed
5.34%
5.51%
15 yr fixed
4.94%
4.92%
5/1 ARM
4.94%
4.84%
View rates in your area:
Product Rate +/- Last week
30K Home Equity Loan
8.80%
8.76%
30K HELOC
5.87%
5.81%
50K HELOC
5.87%
5.79%
View rates in your area:
Product Rate +/- Last week
36 Mo Used Car
7.77%
7.78%
48 Mo Used Car
7.89%
7.90%
48 Mo New Car
7.30%
7.30%
View rates in your area:
Product Yield +/- Last week
1 Yr CD
1.93%
1.96%
5 Yr CD
3.01%
3.06%
6 Mo CD
1.41%
1.41%
Compare rates:
Product Rate
Low Interest Cards 9.09%
Balance Transfer Cards 13.56%
All Variable 11.04%
Compare rates:  
ByLeslie McFadden
Blogs»
credit cards
Card issuers are jacking up rates and fees before the new credit card reforms take effect.
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