WASHINGTON (AP) — Congress is racing toward its summer break, but like a procrastinating college kid it has tons of work to catch up on to avoid a report card laden with grades of incomplete or even worse. (full story)
NEW YORK (AP) — Stocks rose Friday to wrap up their strongest week in almost three months. Banks gained ground after Federal Reserve Chair Janet Yellen said the central bank intends to keep raising interest rates provided the economy continues to improve. (full story)
By MARINA VILLENEUVE - AP - Fri May 27, 3:27PM CDT
PORTLAND, Maine (AP) — An offshore wind power pilot project led by the University of Maine is back in the running for a major federal grant, officials said Friday. (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.