Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

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The US Fed's FOMC, led by Chairman Jerome Powell, has decided to cut the benchmark interest rate to the 4-4.25% range amid moderate economic growth. (REUTERS) US Fed rate cut impact: The US central ...

There are many components that make up what you pay for your home. Along with price, the interest rate on your mortgage is an important consideration. Currently, mortgage rates sit at the lowest they ...

Los Angeles – Hoping that mortgage rates will keep dropping following the Federal Reserve's first rate cut since last year? Don't bank on it. As expected, the central bank delivered a quarter-point ...

Laurence is an avid writer, gamer, and traveller with several years of journalistic writing experience under his belt. Having helped create a student-focused magazine at university, he is keen to ...

LOS ANGELES (AP) — Hoping that mortgage rates will keep dropping following the Federal Reserve's first rate cut since last year? Don't bank on it. As expected, the central bank delivered a ...

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal ...

Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans. By Tara Siegel Bernard The Federal Reserve lowered its key interest rate by ...