J.R. Duren

17 hours ago | cbsnews.com | J.R. Duren |Angelica Leicht

Gold has enjoyed a stellar run so far in 2025. Amid periods of market volatility and an uncertain economic environment, the precious metal has climbed to multiple new price records this year, which has been due, in large part, to investors turning to gold as an inflation hedge and a way to diversify their portfolios.

22 hours ago | cbsnews.com | J.R. Duren |Matt Richardson

Savers looking for signs about where certificate of deposit (CD) interest rates are going likely have an eye on May's scheduled Federal Reserve meeting, where the Fed could provide hints about its benchmark rate strategy for the rest of the year. Fed rate decisions tend to impact CD rates; rate cuts usually lead to lower CD rates and vice versa.

1 day ago | cbsnews.com | J.R. Duren |Angelica Leicht

If you've locked some cash away in a certificate of deposit (CD) account, you're likely benefitting from the higher interest rates these accounts offer compared to a traditional savings account. But while CDs can help your money grow, they're also known for one big tradeoff: Your funds are generally locked up until the CD reaches maturity. So what happens if you need to withdraw that money? And how long does it actually take to get your hands on it? The answer depends on your timing.

1 day ago | cbsnews.com | J.R. Duren |Matt Richardson

A home equity line of credit (HELOC) can give you a way to turn your home's equity into a line of credit you can use when needed. HELOCs have several key benefits that make them a solid borrowing choice in today's market. They operate like a revolving line of credit, giving homeowners flexibility they wouldn't have with a lump sum of equity borrowed. And the average interest rate is 8.02%, making them one of the most affordable ways to borrow money right now.

2 days ago | cbsnews.com | J.R. Duren |Angelica Leicht

With interest rates still relatively high across many types of loans, more homeowners are looking into home equity lines of credit (HELOCs) as a way to access affordable borrowing when they need it. HELOCs are different from traditional loans in that they offer a revolving line of credit based on your home's equity, which you can draw from over time rather than all at once. This makes them a potentially useful tool for managing unexpected expenses or funding larger projects at your own pace.