Interest can be charged when you borrow or earned when you save. When you charge something on a credit card or take out a loan from a financial institution (student loan, auto loan, mortgage, etc.), ...

When money changes hands in the financial world, interest usually applies. When you take out a loan, you’ll typically pay your lender interest as you pay back the amount you borrowed. But if you’re ...

Savers will be getting less of a bang for their buck as the Fed drops interest rates. While financial institutions tend to be slow to lower the rates they charge borrowers, they’re quicker to drop the ...

Stephen Miran, who joined the central bank last week, said he believed rates should be around 2.5 percent, or about two ...

Learn what an interest-only mortgage is, how it functions, its advantages, and potential risks. Discover if this mortgage option suits your financial goals.

The Federal Reserve has cut its benchmark interest rate for the first time in nine months. Since the last cut, progress on ...

Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.23%, and for 20-year mortgages, the ...

The Federal Reserve is expected to cut interest rates by at least a quarter percent this week. What will that mean for gold ...

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.

For some homeowners, refinancing could be the right move now, but waiting it out could also come with a big payoff.