Aly J. Yale

1 week ago | cbsnews.com | Aly J. Yale |Matt Richardson

Inflation may have cooled slightly over the last few months, but consumers still aren't getting a break on their credit cards. The average credit card interest rate is well over 21%, and overall credit card balances are up year-over-year, too (they currently total $1.18 trillion — a 6% jump over 12 months ago).

1 week ago | cbsnews.com | Aly J. Yale |Matt Richardson

Gold has had a pretty good year so far, at one point even reaching above $3,400 per ounce — a record for the precious metal. In recent weeks, though, things have changed. Thanks to shifting inflation expectations, fluctuating Treasury yields, and ever-moving demand for safe-haven assets and diversification, gold prices have been volatile, bottoming out around $3,200 in mid-May.

2 weeks ago | cbsnews.com | Aly J. Yale |Angelica Leicht

Interest rates have been high the past few years, but lately, rates have been declining, particularly on home equity lines of credit (HELOCs). In fact, rates on these products are actually averaging lower than those on home equity loans right now, and that's rare. Even better? HELOCs offer more flexibility than home equity loans, as they work more like a credit card than a lump-sum loan.

2 weeks ago | experian.com | Aly J. Yale

What Are the Different Types of Mortgage Lenders? Mortgage lenders come in several forms. They can be traditional brick-and-mortar banks, credit unions or online banks. Many banks both large and small offer mortgage loans. Because banks work with a wide range of borrowers, they often offer multiple mortgage loan types, including conventional, government-backed, jumbo loans and more specialty loans. You may find that interest rates and fees at banks are higher than some other borrowing options.

2 weeks ago | cbsnews.com | Aly J. Yale |Angelica Leicht

Interest rates have been high across the board in recent years thanks to the Federal Reserve's prolonged fight against sticky inflation. That has been tough for borrowers, but it has allowed consumers to earn more interest on the money in their savings and certificates of deposit (CDs) accounts. But those rates may not last long. With inflation cooling dramatically compared to recent highs, the Federal Reserve is poised to cut rates two more times this year.