News

The interest rate your lender gives you isn't the true cost of your mortgage. Learn how to calculate your effective interest rate, including any discount points.
Knowing the current student loan interest rates and ranges for 2025 can help you figure out how much it could cost to borrow money for a college education.
Tennessee announces a new maximum effective interest rate of 11.50% for loans, reflecting a 4% increase over the current prime rate, as reported by the state's Department of Financial Institutions.
Tennessee has officially updated its maximum interest rate to 11.50% effective today, reflecting recent changes in the prime ...
Here’s how the central bank’s interest rate stance influences car loans, credit cards, mortgages, savings and student loans.
The Federal Funds Rate is the price the Fed charges U.S. banks to borrow money overnight. This sets short-term benchmark ...
The average rate on a 30-year fixed-rate mortgage was 6.84 percent as of June 12, down from 6.85 percent the previous week and 6.95 percent a year ago. Other home loans are more closely tethered ...
Doing the math and crunching the numbers when it comes to figuring out your loan's interest can be complicated. Here's how to ...
In a notice to commercial banks, CBK stated that going forward, loan interest rates will be determined using a new formula, ...