JPMorgan Chase & Co. and Bank of America Corp. are now forecasting a quarter-point reduction in interest rates when the Federal Reserve next meets in November, giving up on their calls for a larger cut after labor-market data offered evidence of US economic resilience.

The Federal Reserve cut interest rates, then standard 30-year mortgage rates went up. It’s a warning that lower rates from here are not a foregone conclusion.

Promotions on CDs already aren't as good as they were in January, but some attractive yields of 4% or higher remain on one-year CDs.

Mortgage interest rates have been on the move lately, with some good news for borrowers. The Federal Reserve's first rate cut of the year on September 18 has started to push mortgage interest rates down.