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Rising interest rates increase the appeal — and the risk — of ARMs

May 24, 2022
More homebuyers are applying for adjustable-rate mortgages, which often come with a lower initial monthly payment. But borrowers could end up paying more in the long run.
The number of applications for adjustable mortgages has increased 22% over the last year, per the Mortgage Bankers Association.
Joe Raedle/Getty Images

European Central Bank likely to end its negative interest rate experiment

May 23, 2022
Until the ECB became the first major central bank to try it, making interest rates negative seemed like defying economic gravity.
When the European Central Bank first pushed negative interest rates in 2014, it helped push the value of the euro lower and make European goods more attractive to foreign buyers.
Daniel Roland/AFP via Getty Images

As U.S. interest rates rise, China's are headed in the opposite direction

May 20, 2022
Here in the U.S., the Fed is trying to cool an overactive economy. In China, the goal is to juice one that's flagging.
As the U.S. economy tries to slow down inflation by raising interest rates, China's central bank is lowering interest rates to spur economic growth.
Nicolas Asfouri/ AFP via Getty Images

Can you negotiate your credit card rate?

May 20, 2022
Credit Counselors can work with banks to bring down interest rates in order to get debt paid off.
Your credit card interest rate is negotiable — in a way.
Creative/Getty Images Illustration by Julia Schiff

Former Chair Ben Bernanke takes long view of Federal Reserve's current challenges

May 17, 2022
“I think it's important to look back at history,” said the former leader of the U.S. central bank.
During an interview with Kai Ryssdal of "Marketplace," former Fed Chair Ben Bernanke discussed how the Federal Reserve has dealt with inflation in the past as well as its current approach.
Nancy Farghalli/Marketplace

Rates on Treasury notes just went up. So will the cost of federal student loans.

May 11, 2022
Interest on new federal student loans is based on the 10-year Treasury yield. The pause on repayments will end Aug. 31.
Federal student loans will be getting more expensive as interest rates rise.
Jon Cherry/Getty Images

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Double whammy: Credit card debt grows as interest rates rise

May 9, 2022
Americans have a $860 billion credit card balance, according to the Federal Reserve Bank of New York.
After paying down credit card debt for the past few years, Americans have gone back to high spending.
Joe Raedle/Getty Images

What the Fed’s rate hike means for one community bank

May 5, 2022
Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.
Laurie Stewart, the head of Sound Community Bank in Seattle, says pressures to hold more capital will "impact our ability to serve clients and to be investable."
Courtesy Sound Community Bank

Is a wage-price spiral driving inflation?

May 4, 2022
Wages are rising fast, but not as fast as prices. When inflation expectations drive workers' demands for higher pay, inflation can spiral out of control.
Rising prices can motivate workers to seek higher pay. Both are increasing quickly.
Joe Raedle/Getty Images