Today's Financial Rates

What today's numbers mean

Mortgage rates climbed this week to 6.95% for 30-year loans—the single biggest number to watch if you're buying a home. On a $400,000 loan, that's roughly $50 more per month in mortgage payments compared to last week's 6.76% rate, which adds up to about $600 extra per year. That may not sound like much, but it's the cumulative impact on one of your largest financial commitments. If you've been waiting for rates to drop, this week moved in the wrong direction. The broader trend remains sticky.

Inflation ticked down slightly to 3.35% year-over-year, which is good news for your grocery and gas bills. Here's the reality for savers: most savings accounts offer only around 4–5% interest, meaning your cash is barely keeping pace with inflation but not meaningfully getting ahead. Real returns on savings remain thin. On the positive side, unemployment sits steady at 4.1%, and the stock market is holding at 7,650 for the S&P 500. Overall, the economy shows surface stability right now.