The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3- and 5-year loans when compared to fixed-rate loans for the seven days before. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between July 29 and August 4: Personal loans have become a popular way to consolidate debt and pay off credit card debt and other loans.
When the Fed concluded its June meeting, it signaled one cut by the end of the year while holding rates steady. As of now, we anticipate one 25 basis point cut this year, and a 100 basis point cut in 2025. Currently sitting at 5.25% to 5.50%, the federal funds rate is the highest it's been since 2001. Sticky inflation and low unemployment had made any cuts seem unlikely as of a week ago.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Evolving’ but no credible threats before RNC and DNC, Secret Service says“The environment that we’re dealing with today is certainly different than it was four years ago,” the director said.
Read more »
Sevens Report sees 'a credible path' for S&P 500 to rally another 5-10%Sevens Report sees 'a credible path' for S&P 500 to rally another 5-10%
Read more »
Private student loan interest rates fall for 5- and 10-year termsThe latest private student loan interest rates from the Credible marketplace, updated weekly.
Read more »
This week's personal loan rates rise for 3- and 5-year termsThe latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Read more »
Private student loan interest rates rise for 5- and 10-year termsThe latest private student loan interest rates from the Credible marketplace, updated weekly.
Read more »
This week's personal loan rates edge up for 3- and 5-year termsThe latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.
Read more »