Interest Rates


  • It all depends on how long you are keeping a balance on the card, Carmen says.

  • Congress Takes Up 'Too-Big-To-Fail' Overhaul Wednesday, 6 May 2009 | 7:52 AM ET

    While Wall Street obsesses over stress tests, Congress is moving on to the next hot-bottom issue—new authority over big financial firms.

  • Pros Say: Take Profits Now Wednesday, 6 May 2009 | 4:27 AM ET

    Global stocks were mixed on Wednesday as investors became more cautious a day before the bank stress test results after reports that Bank of America may need to raise a substantial amount of capital.

  • Are Bulldozers Now The Best Neighbor? Tuesday, 5 May 2009 | 2:47 PM ET

    So this is what it has come to. A bank in Texas is bulldozing four brand new homes and twelve nearly finished homes in Victorville city, California, about 85 miles northeast of Los Angeles.

  • Pros Say: Banks' Debt Will Delay Recovery Tuesday, 5 May 2009 | 4:36 AM ET

    Global stocks were mixed Tuesday ahead of the release of the U.S. government's bank stress test results out later in the week as reports claim up to 10 banks will need to raise more capital.

  • While Wall Street obsesses over stress tests, Congress is moving on to the next hot-bottom issue—new authority over big financial firms.

  • Housing Numbers: Green Shoots or Red Flags? Monday, 4 May 2009 | 2:40 PM ET
    Home Construction

    Two new pieces of data out today suggest, at face value at least, an improvement in the housing market.

  • Pros Say: Stimulus Worthless Without Bank Fix Monday, 4 May 2009 | 5:02 AM ET

    Global stocks rose Monday ahead of the expected release of the U.S. government's bank stress test results. Experts tell CNBC if the banking system isn't fixed, governments' stimulus efforts are in vain.

  • Home Valuation Code of Conduct: Fix or Fraud? Friday, 1 May 2009 | 2:51 PM ET

    Today is the official start of a new policy at Fannie Mae and Freddie Mac, to only buy loans that were appraised under the Home Valuation Code of Conduct. The HVCC was the outgrowth of a lawsuit filed by New York Sate Attorney General Andrew Cuomo against Washington Mutual and was designed to “improve the reliability of home appraisals,” according to FHFA, Fannie and Freddie’s regulator.

  • The Federal Reserve headquarters in Washington, DC.

    The Federal Reserve announced Friday that it will launch a much-awaited program in June to bolster commercial real-estate lending. And, to help make the program more attractive to investors, the Fed will provide longer, five-year loans

  • Three Things to Know About Shopping for Credit Friday, 1 May 2009 | 11:13 AM ET

    Credit is not just a tool, it’s a product. And being a smart shopper of credit can be just as important as how you use it once you have it.

  • Pros Say: No Fat Lady Singing for this Rally Friday, 1 May 2009 | 7:55 AM ET

    Global stocks were higher Friday, the first day of May, as investors were encouraged by the returns in April's strong market performance and batted off news of Chrysler's bankruptcy announcement and deepening concerns about the swine flu outbreak.

  • South Korea's April Exports Add to Economy Hopes Friday, 1 May 2009 | 1:20 AM ET
    Korea, Korean Flag

    South Korean exports in April fell less than expected and export earnings per day rose for the third month in a row, the latest signs that the global economic slump that drove Korea to the edge of recession may be easing.

  • Bankruptcy Cram Down Dead For Now Thursday, 30 Apr 2009 | 12:44 PM ET

    Although the Senate vote hasn't actually taken place (expected mid-afternoon) bankruptcy "cram down" is effectively dead on the Hill for the time being.

  • US Economy Could Recover Much Sooner Than Expected Thursday, 30 Apr 2009 | 11:35 AM ET

    You've heard all the gloom and doom. Now here's some good news: the economic recovery could happen much sooner—and be much stronger—than anyone thought possible.

  • Bankruptcy Cramdown Bill Hits Senate Today Thursday, 30 Apr 2009 | 8:38 AM ET

    Sen. Richard Durbin (D-Ill.) has managed to get a vote scheduled for his controversial plan to help homeowners avoid foreclosure, but  the bill's  chances of approval are slim.

  • Pros Say: Time to Buy and Hold Thursday, 30 Apr 2009 | 8:07 AM ET

    Global stocks rose again Thursday as investors took heart from signs of improvement in the U.S. economy after the Federal Reserve tweaked its policy statement to say that the economic outlook was improving. But experts on CNBC were mixed on when the economy will recover.

  • Web Extra: The 3 Credit Cards You Need Wednesday, 29 Apr 2009 | 4:33 PM ET

    NOT SEEN ON T.V.: Depending on what you use them for, John Ulzheimer has the three cards that should be in your wallet.

  • Pros Say: Recovery Will Be 'Unbelievably Puny' (UPDATED) Wednesday, 29 Apr 2009 | 2:30 PM ET

    The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter reflecting continuing economic woes. In the meantime, President Obama marks his 100th day in office while analysts anxiously await the latest from the FOMC's interest rate decision due this afternoon. (UPDATED with the Fed decision, below). Read and listen to what experts had to say...

  • Text: FOMC Statement Wednesday, 29 Apr 2009 | 2:20 PM ET
    The Federal Reserve headquarters in Washington, DC.

    Below is the statement released by the Federal Open Market Committee after its Apr. 28-29 meeting on interest rate policy: