President Trump says Fed rate cuts would save the government as much as $900 billion a year in interest payments on its debt.

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Example: A $200,000 fixed-rate mortgage for 30 years (360 monthly payments) at an annual interest rate of 6.5% will have a monthly payment of approximately $1,264.

Freddie Mac’s rate for a 30-year fixed rate loan averaged 6.81% for the week ending June 18, a slight decrease from the previous week.

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Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm said: "The Bank’s decision to hold interest rates at 4.25 per cent does not come as a surprise but it will not be ...

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- June 19, 2025 GENEVA (AP) — Switzerland’s central bank said Thursday it has reduced its target interest rate by a quarter of a percentage point, adding that inflationary pressures have eased.

SNB cuts rates to 0%, lowest among major central banks. Move aims to fight deflation and rein in a surging Swiss franc. Economists see high chances of negative rates returning this year.

So why has the Fed been keeping interest rates at this level for so long? The central bank is tasked by Congress with keeping both unemployment and the pace of price growth, or inflation, in check.