By JENNIFER McDERMOTT - AP - Mon Jul 27, 2:55PM CDT
NORTH KINGSTOWN, R.I. (AP) — Construction has begun off Rhode Island's coast on the nation's first offshore wind farm, a milestone that federal and state officials say will help the fledgling U.S. industry surge ahead. (full story)
CHAMPAIGN, Ill. (AP) — Mitsubishi Motors and the United Auto Workers said Monday that they will work together to look for a buyer for the central Illinois plant the company plans to close. (full story)
By MARTIN CRUTSINGER - AP - Mon Jul 27, 4:09PM CDT
WASHINGTON (AP) — The Federal Reserve is getting close to raising interest rates for the first time in nearly a decade, perhaps in September. When it meets this week, though, don't expect any timetable for a rate hike to be spelled out in a post-meeting statement. For now, the Fed wants to keep its options open. (full story)
By MATTHEW PENNINGTON - AP - Mon Jul 27, 11:49AM CDT
WASHINGTON (AP) — Democratic lawmakers and rights groups on Monday accused the State Department of politicizing its annual rankings of nations on their efforts to combat modern-day slavery, as key trading partner Malaysia was taken off a blacklist. (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.