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Federal Reserve news
Fed holds rates for 8th time
Fed keeps rate near zero in an attempt to stabilize the economy and support the mortgage market.
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ByGreg McBride, CFA
Fed Outlook Blog»
Fed rate hike guidelines
Yesterday the Fed laid out what essentially are three guidelines for a rate hike.
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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
Rates drop to all-time low
Despite record low rates, mortgage applications have plummeted recently. What's the problem?

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COFI, LIBOR, prime rate
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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
Mortgage Rates
High Yield CD and MMA Rates
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About our rates
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About this index
Overnight Averages
Product Rate +/- Last week
30 yr fixed
5.03%
5.02%
15 yr fixed
4.53%
4.60%
5/1 ARM
4.06%
4.09%
View rates in your area:
Product Rate +/- Last week
30K HELOC
5.27%
5.29%
30K Home Equity Loan
8.33%
8.31%
50K HELOC
4.99%
5.02%
View rates in your area:
Product Rate +/- Last week
48 Mo Used Car
6.99%
6.93%
48 Mo New Car
6.77%
6.57%
36 Mo Used Car
7.14%
7.03%
View rates in your area:
Product Yield +/- Last week
6 Mo CD
1.26%
1.27%
1 Yr CD
1.71%
1.71%
5 Yr CD
2.94%
2.90%
Compare rates:
Product Rate
Low Interest Cards 9.75%
Balance Transfer Cards 14.58%
All Variable 11.68%
Compare rates:  
ByJudy Martel
Blogs»
investing
Money brings out the best and worst impulses in the rich and famous -- and the gossips, too.
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