Mortgage rates rise above 7 percent as Fed scrambles to slow economy
The central bank doesn’t directly set mortgage costs, but changes in its policy rate â known as the federal funds rate â ripple through the economy and influence all kinds of lending. Since March, the Fed has raised rates five times, bringing its benchmark …
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Whether gas prices are up or down, don't blame or thank the president
Prices at the pump are falling, which is welcome news for Democrats this election season. And a few weeks ago prices were rising, which was bad news for Democrats. But no matter which way prices are going â and which way they go next â the cost of fuel …
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