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Fed interest rates

Federal Reserve Board of Governors member Adriana Kugler sits before an open meeting of the Board of Governors at the Federal Reserve, Wednesday, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein)
Aug 1, 2025

Federal Reserve Governor Kugler steps down, giving Trump slot to fill

Federal Reserve governor Adriana Kugler will step down, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill.

FILE - A "For Sale" sign is displayed in front of a home in Des Plaines, Ill., Monday, Aug. 26, 2024. (AP Photo/Nam Y. Huh, File)
May 9, 2025

Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year

The 30-year mortgage rate stays at 6.76% for a second week, as affordability challenges persist and economists expect continued rate volatility in 2024.

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